Originally Posted by deerman24
did you know that once elected for congress you will retire and get your full salary of $185,000 for the rest of your life even if you serve only one term. They gave themselves this a few years ago.
This is a fact.


https://www.politifact.com/ohio/sta...-congress-retire-full-pay-after-just-on/

The claim means that rank-and-file members of the House of Representatives would receive full pay of $174,000 per year, for the rest of their lives, after serving as little as two years.

Nice work if you can get it. But members of Congress can't.

A report on "Retirement Benefits for Members of Congress," prepared in November by the nonpartisan Congressional Research Service, outlines how pension benefits are calculated.

The key provision: no member of Congress is eligible for any pension unless he or she has served in Congress for at least five years. (Senators serve six-year terms; House members must seek reelection every two years.)

To collect, a congressman or senator must be age 62, or be at least age 50 with 20 years of service, or be any age with 25 years of service.

Under the most recent pension program, adopted in 1984, the size of a pension is based on the highest three years of a member's salary, the number of years of service and a multiplier, which is 1.7 percent for the first 20 years of service and 1.0 percent for subsequent years.

Here’s an example, using a typical 25-year rank-and-file member who retired this year. The pension would be the sum of two calculations. First, multiply $172,443 [the average salary over the last three years] times 20 years times 0.017. Then, multiply $172,443 times 5 years times 0.01 and add that number to the first calculation. The total: about $67,250 per year.

A three-term congressman (or one-term senator) who has now reached retirement age would be eligible for an annual pension of $17,588 for six years of work. That's generous, but not close to full pay.