Last Chance To See 600 sq mi: Hidden
Missed Connections: Gefilte Fish...and "Chain Connections"
H-Town Rock
Rock Talk, Vol. IX
Maybe things aren't so bad for everyone's favorite soon-to-be-former congressman after all: Tom DeLay will be able to start drawing nearly $67,000 a year in pension as soon as he retires. DeLay will get a total of about $1.3 million in pension payments over the next 20 years and will be eligible for the federal retirees' health plan, all of which won't be affected by any convictions he may face.
Members of Congress are eligible for a pension when they turn 62 if they've been in Congress for at least five years. If they've been in Congress for 20 years or more, they can begin drawing a pension at age 50; if they've served for 25 years, they can draw it at any time. DeLay, who will turn 59 on Saturday, has served in Congress for 22 years. His pension is based on his years of service and the average of the three highest years of salary (he was paid $180,100 as House majority leader).
DeLay said he'll leave Congress around June of this year.
add to stumble upon
add to reddit
tweet this
post to facebook
If they've been in Congress for 20 years or more, they can begin drawing a pension at age 50; if they've served for 25 years, they can draw it at any time.
Since the minimum age to be elected to Congress is 25, isn't the last part redundant? Age 25 + 25 years is 50, so nobody could be eligible before age 50.
Good point. I think the 25-year thing actually applies to all government employees who are eligible for the government pension. In Congress, it does become redundant.