The American Empire in a Changing World


Monday, November 12, 2012

Fiscal Cliff: ''1 in 6 Retired Members of Congress Receive Annual Pensions of $100,000 or more''

these perks need to END!.....................From AllGov

''Newly-elected members of Congress will be happy to know that they also just won an annual pension that could run into serious money. One-sixth of all retired representatives and senators (79 of 463, or 17%) currently earn at least $100,000 from their pensions, according to the Federal Times.

Among the six-figure Congressional pensioners are former Senator Bob Dole (R-Kansas), former Senator Trent Lott (R-Mississippi), ex-Representative Dick Gephardt (D-Missouri) and ex-Representative Newt Gingrich (R-Georgia).

Some ex-lawmakers (four to be exact) receive pensions that are greater than the $174,000 salary provided to members of Congress, with one retiree collecting earned annuities of more than $200,000. Although the average pension for retired or deceased members of Congress is $49,412 a year, some members have their pension raised because they served in leadership position or because they also served in the military.''

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