General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region Forumswhat kind of pension and benefits
does Ryan get for being in the House for 20 years and speaker for 3?
Turbineguy
(37,331 posts)GP6971
(31,158 posts)elleng
(130,908 posts)Members who participated in the congressional pension system are vested after five (5) years of service.
https://en.wikipedia.org/wiki/Congressional_pension
'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.'>>>
guillaumeb
(42,641 posts)I anticipate him becoming a lobbyist just like his wife. That way he can be rewarded for his outstanding service in shifting the tax burden from the ultra rich to the working people of this country.
BumRushDaShow
(128,988 posts)He would have to wait 2 years to be eligible.
yonder
(9,666 posts)President Pelosi signs a bill to keep that from happening. Effective immediately.