Why Are U.S. Taxpayers Providing Public Pensions To Millionaire Members Of Congress?
Taxpayers provide pensions, generous pensions, to many millionaires who once worked in government. Not JUST those who were in Congress.
(From Forbes)
As the longest-serving member of Congress, Sen. Patrick Leahy (D-VT) would qualify for a yearly pension of $167,040 if he retired today. Former speaker Paul Ryan (R-WI) was eligible to draw a $84,930 pension when he turned 50 in January after serving for twenty years and retiring at age 48.
Critics question the necessity of such a system. Why are U.S. taxpayers providing public pensions to millionaire members of Congress on top of a 401(k)-style plan? (The median net worth for a member recently exceeded $1.1 million.)
This article was originally posted here: https://www.ac2news.com/2021/01/why-are-u-s-taxpayers-providing-public-pensions-to-millionaire-members-of-congress-2/.
