The best pension deal
If you think state employees have some of the best pension benefits around, you haven't heard about members of Congress. They can be in office only 12 years, retire at 60 and immediately receive $25,000 a year and lifetime benefits that can exceed $800,000. They can serve only five years and get health care benefits until they become eligible for Medicare. After five years of service, they're eligible for full benefits at 62. Plus they get annual cost-of-living adjustments. That's quite a deal.
And if a congressman is criminally wayward, he needn't worry. Randy "Duke'' Cunningham was sentenced to eight years four months in prison after pleading guilty to accepting $2.4 million in bribes related to his work in Congress. At 62, he's eligible for an annual pension of $36,000 for his 15 years in the House. That's outrageous. It's something Congress should fix. But given the good-ol'-boy network there, we're not holding our breath.
And if a congressman is criminally wayward, he needn't worry. Randy "Duke'' Cunningham was sentenced to eight years four months in prison after pleading guilty to accepting $2.4 million in bribes related to his work in Congress. At 62, he's eligible for an annual pension of $36,000 for his 15 years in the House. That's outrageous. It's something Congress should fix. But given the good-ol'-boy network there, we're not holding our breath.
posted by Larry Benjamin at 11:25 AM
5 Comments:
The congressional perks are totally out of control, but their pork barrel spending projects, and their total lack of regard for their constituents is even worse than their outrageous perks.
yeah, but take a look at the statistics of how many members of the congressional party have been arrested,convicted, anything . even of FELONYS. i think this is a lot worse than their compensation.
don't we elect them?
we as americans are just idiotic.
it'd be nice if we could have background history reports sent to us via postal.
I feel that all politians do not deserve the many perks they get while they ax the perks for an American Citizen. They make sure they take care of themselves first and then give the pitiful leavings to the average person. It doesn't matter how old a citizen is, what they have done in their lives or anything else as long as the trough swillers get taken care of. I feel the average citizen is getting sick of the actions of these politians and a revolt is coming. They have ridden the gravy train long enough.
Congress is only agency that gives itself raises.T hey should lose their pensions and medical insurance and forced to join and pay Social Security taxes and be entitled to medicare. If this were to happen,I'm sure they would find a way to fix the shortfall.
I would love to see some of these congressmen live on $1600.00 per month and pay real estate taxes four times a year to boot. These elected politicians are only looking after themselves. And the stupid public keeps electing them back into office.
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