Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: ExSES

Our source is the same but we are relying on different passages. The Congressional pension available to Yoho is as I describe. It is part of the Federal Retirement System but is far more generous than the standard federal employee pension. Calling then “the same” is like calling a Honda Civic and a Rolls Phantom the same because they are both automobiles.


18 posted on 12/11/2019 5:24:12 AM PST by Rockingham
[ Post Reply | Private Reply | To 16 | View Replies ]


To: Rockingham
The Congressional pension available to Yoho is as I describe. It is part of the Federal Retirement System but is far more generous than the standard federal employee pension.

Actually it is not. They get 1.7% of their high three average yearly pay per year of service they have (after 5 years of service) payable once they reach 62 years of age. (those sworn in after Dec 31, 2012 get 1% per year).

So he'd get 13.6% of his high three average (so about $21K a year) Not counting any thrift savings plan investments he may have made.

22 posted on 12/11/2019 8:03:56 AM PST by John O (God Save America (Please))
[ Post Reply | Private Reply | To 18 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson