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View Full Version : Do Congress and Senators Receive Pay for Life




Working Poor
11-08-2009, 10:56 AM
even after they are no longer in office???

torchbearer
11-08-2009, 10:58 AM
yes. that is their pention plan.
they could be in office one day and retire.

Working Poor
11-08-2009, 11:00 AM
:eek:

ewizacft
11-08-2009, 11:02 AM
yes. that is their pention plan.
they could be in office one day and retire.

Congressional pension is a pension made available to members of the United States Congress. Members who participated in the congressional pension system are vested after five (5) years of service. A full pension is available to Members 62 years of age with 5 years of service; 50 years or older with 20 years of service; or 25 years of service at any age. A reduced pension is available depending upon which of several different age/service options is chosen. If Members leave Congress before reaching retirement age, they may leave their contributions behind and receive a deferred pension later.[1] The current pension program, effective January 1987, is under the Federal Employees Retirement System (FERS), which covers members and other federal employees whose federal employment began in 1984 or later. This replaces the older Civil Service Retirement System (CSRS) for most members of congress and federal employees.

Long time congressman Ron Paul has always refused to participate in the congressional pension system, labeling it "immoral".