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View Diary: The “Chained CPI” Cut – “If You Can’t Dazzle Them With Brilliance . . .” (262 comments)

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  •  Seriously? (2+ / 0-)
    Recommended by:
    gooderservice, shanesnana

    If the voters 'retire' a Congressperson after 5 years, how about two weeks' severance per year of service--pretty generous in this economy--and GoogleMaps directions to the unemployment line? At 62, he can start collecting Social Security retirement benefits early. Or is Social Security NOT ENOUGH TO LIVE ON? Rhetorical question; don't bother.

    Ho'oponopono. To make things right; restore harmony; heal.

    by earicicle on Thu Dec 20, 2012 at 02:24:51 PM PST

    [ Parent ]

    •  Yes, unless wikipedia is lying. (2+ / 0-)
      Recommended by:
      earicicle, Jackson L Haveck
      Congressional pension is a pension made available to members of the United States Congress. Members who participated in the congressional pension system are vested after five (5) years of service. 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.

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