19 ms·
Right.. They make $174k/year (except the few leadership roles) which was last increased in 2009 -- so roughly $130k equivalent based on the BLS inflation calcu
by mikeyouse 3y ago
Right.. They make $174k/year (except the few leadership roles) which was last increased in 2009 -- so roughly $130k equivalent based on the BLS inflation calculator..
https://data.bls.gov/cgi-bin/cpicalc.pl?cost1=174%2C000.00&year1=202301&year2=200912 https://data.bls.gov/cgi-bin/cpicalc.pl?cost1=174%2C000.00&y...
To receive a congressional pension, you need 5 years of service (to be elected to 3 terms), the pension can't exceed 80% of your salary, and is based on the number of years of service.. There are ~280 prior members of congress collecting FERS pensions and the average collected was $41k/year in 2016.
(https://sgp.fas.org/crs/misc/RL30631.pdf https://sgp.fas.org/crs/misc/RL30631.pdf)