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Don't forget that all Congress members and former members get a fully vested pension after only 5 years in Congress, which can be collected at age 62, or even l
by aspenmayer 5y ago
Don't forget that all Congress members and former members get a fully vested pension after only 5 years in Congress, which can be collected at age 62, or even lower ages for longer time served.
However, the Fed is distinct from Congress. Not sure if the Fed also participates in FERS.
https://en.wikipedia.org/wiki/Congressional_pension https://en.wikipedia.org/wiki/Congressional_pension
https://en.wikipedia.org/wiki/Federal_Employees_Retirement_System https://en.wikipedia.org/wiki/Federal_Employees_Retirement_S...
- dragonwriter 5y ago> Don’t forget that all Congress members and former members get a fully vested pension after only 5 years in Congress Fully vested, but at 1.0% of the top 3 years salary per year of service. So, sure, at 5 years of service @ 174K per year, they could draw pension at 62 – but that pension would only be $8,700/year.