For lawmakers, retirement is sweet
National Center for Policy Analysis, April 21st, 2006
Members of Congress occasionally lose elections, but they never lose
retirement and health benefits that most Americans can only envy, says
the Associated Press (AP).
For example:
- A lawmaker who retires at 60 after just 12 years in office can
count on receiving an immediate pension of $25,000 a year and lifetime
benefits that could total more than $800,000. That doesn't include
401(k) benefits.
- And any member who lasts five years in office also can get
taxpayer-subsidized health care until he or she reaches Medicare age.
Congressional pensions tend to be far more generous than those offered in the private sector, says the AP:
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