SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : A Real American President: Donald Trump

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
Recommended by:
Honey_Bee
To: Honey_Bee who wrote (54428)12/7/2017 7:13:30 PM
From: Sr K1 Recommendation  Read Replies (1) of 457701
 
You might find an answer in the Senate Rules, on how retirement income is calculated. He's going to retire "next year", which means after Congress is in session.

Usually, resigners leave early, in December, so their successor appointed to fill the vacancy, has higher seniority on Committees, etc.

Elected in 2008, 2018 would be his 10th year.

From CRS (Congressional Research 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.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext