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Congressional pensions increase... [CNN] (fwd)
Forwarded message:
>From [email protected] Tue Dec 30 11:23:04 1997
From: Jim Choate <[email protected]>
Message-Id: <[email protected]>
Subject: Congressional pensions increase... [CNN]
To: [email protected] (SSZ User Mail List)
Date: Tue, 30 Dec 1997 11:23:03 -0600 (CST)
X-Mailer: ELM [version 2.4 PL23]
Content-Type: text
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Forwarded message:
> Congressional Pensions Can Be Hefty
>
> By ANICK JESDANUN
> Associated Press Writer
>
> WASHINGTON (AP) A healthy pension plan that members of Congress
> created for themselves will let some retiring lawmakers collect
> roughly $100,000 a year for life.
>
> Although most members are enrolled in the same retirement plans as
> other federal employees, lawmakers accrue benefits at a faster rate.
> Plus, congressional pensions are adjusted each year for inflation,
> setting them apart from most retirement plans in the private sector.
>
> "It's one of the most outrageous perks congressmen have," said David
> Keating, vice president for National Taxpayers Union, a conservative
> group that advocates less government spending.
>
> According to the taxpayers' group, which calculated congressional
> pension estimates for retiring lawmakers at the request of The
> Associated Press, some lawmakers will be going home with pensions of
> about five times the national average.
[text deleted]
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