"Will your congressman retire richer than you?"
August 28, 2013
Not only do congressional representatives and senators earn the guarantee of a monthly pension check -- a benefit that has become increasingly rare for most U.S. workers -- they also receive Social Security payments and can opt to pay into the federal Thrift Savings Plan, a 401(k) style-plan with fees that are far lower than most retirement plans.
As a result, longtime members of Congress can easily retire with six-figure annual incomes for life.
See also the sweet deal the former president of Ohio State is getting: "I'm considering retirement".