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Politics : Politics for Pros- moderated

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To: KLP who wrote (305596)5/18/2009 3:39:40 PM
From: Neeka  Read Replies (1) of 793801
 
Under both CSRS and FERS, Members of Congress are eligible for a pension
at age 62 if they have completed at least five years of service. Members are eligible
for a pension at age 50 if they have completed 20 years of service, or at any age after completing 25 years of service. The amount of the pension depends on years of service and the average of the highest three years of salary. By law, the starting
amount of a Member’s retirement annuity may not exceed 80% of his or her final
salary.
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