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Omaha Steve

(99,055 posts)
Mon Dec 15, 2014, 02:32 PM Dec 2014

Retiring congressmen, senators: What color is their parachute?


http://www.omaha.com/news/politics/retiring-congressmen-senators-what-color-is-their-parachute/article_34470c25-d50c-579b-9089-b499a945dc13.html

POSTED: MONDAY, DECEMBER 15, 2014 12:30 AM
By Robynn Tysver / World-Herald staff writer

Free health care for life?

Nope.

But most of the congressmen and senators from Iowa and Nebraska stepping down this election cycle will walk away with pretty solid pensions — some greater than others, based upon their years of service and when they entered Congress.

U.S. Sen. Tom Harkin of Iowa leads the list. After 40 years in Congress, the Democrat will retire at age 75 with a pension estimated at $125,000 a year. 
On the other hand, Sen. Mike Johanns of Nebraska is in line for a federal pension of $21,000 annually, based on six years in the Senate and 2½ years as secretary of agriculture.

FULL story at link.

12 replies = new reply since forum marked as read
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Rex

(65,616 posts)
5. Hmmm...I guess it is time to slash their pensions just like current retirees.
Mon Dec 15, 2014, 02:47 PM
Dec 2014

No doubt they will be okay with that. If not they can always call Congress and complain to the GOP about the Conbus bill.

 

Rex

(65,616 posts)
11. No Congress people have special benefits that most other federal employees don't have.
Mon Dec 15, 2014, 03:40 PM
Dec 2014

Yet they are federal employees so I would think they would have to take some kind of cut along with other federal workers.

Tuesday Afternoon

(56,912 posts)
12. yep. beat me to it. Golden and Platinum. Personally, think the lobby system should be outlawed.
Mon Dec 15, 2014, 03:58 PM
Dec 2014

what a fucking crock, it is.

so much bullshit.

pinto

(106,886 posts)
7. Essentially the same as most other federal employees. That's not a big issue, imo. Other things are.
Mon Dec 15, 2014, 03:26 PM
Dec 2014

Here's the federal employee retirement system computations -

http://www.opm.gov/retirement-services/fers-information/computation/

 

butterfly77

(17,609 posts)
9. A lot of this stuff needs to be put on the ballot..`
Mon Dec 15, 2014, 03:30 PM
Dec 2014

every election cycle so we can vote what they receive we should be the ones who decide if they get raises or not and what other perks they get or not.

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