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From ravage@ssz.com Tue Dec 30 11:23:04 1997 From: Jim Choate <ravage@ssz.com> Message-Id: <199712301723.LAA06373@einstein.ssz.com> Subject: Congressional pensions increase... [CNN] To: users@ssz.com (SSZ User Mail List) Date: Tue, 30 Dec 1997 11:23:03 -0600 (CST) X-Mailer: ELM [version 2.4 PL23] Content-Type: text Content-Length: 2267
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Congressional Pensions Can Be Hefty
By ANICK JESDANUN Associated Press Writer
WASHINGTON (AP) A healthy pension plan that members of Congress created for themselves will let some retiring lawmakers collect roughly $100,000 a year for life.
Although most members are enrolled in the same retirement plans as other federal employees, lawmakers accrue benefits at a faster rate. Plus, congressional pensions are adjusted each year for inflation, setting them apart from most retirement plans in the private sector.
"It's one of the most outrageous perks congressmen have," said David Keating, vice president for National Taxpayers Union, a conservative group that advocates less government spending.
According to the taxpayers' group, which calculated congressional pension estimates for retiring lawmakers at the request of The Associated Press, some lawmakers will be going home with pensions of about five times the national average.
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