Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: gronieel2 who wrote (975307)	10/26/2016 12:14:19 PM
From: jlallen	Read Replies (2) \| Respond to of 1573016

CRS, June 13: Members of Congress are eligible for a pension at the age of 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. That means that members of the House of Representatives — who are up for reelection every two years — would not be able to collect pensions of any amount if they only served one term. U.S. senators, on the other hand, serve six-year terms and would be able to collect pensions after one full term. But the pensions wouldn’t be equal to their full salaries. https://www.factcheck.org/2015/01/congressional-pensions-update/