This article is based on three articles--one in USA Today, one in the New York Post, and one at th website of KPHO.com. It seems that one of the advantages of serving in Congress is a fantastic pension that you don't have to contribute to. This is another example of those who make the laws making sure their own interests come first.
USA Today reports:
"Weiner announced his resignation Thursday amid an embarrassing online sex scandal, but he still hasn't officially submitted his papers to House Speaker John Boehner that he's leaving."
The New York Post reports:
"Every day Weiner puts off his official departure date enlarges his congressional pension. But so far no one has pushed for Weiner to clear out of the Capitol."
KPHO reports:
"Weiner, 46, will have the option to take discounted payments of about $35,000 a year when he turns 56 or he can wait another six years and get about $46,000.
"Compare that to a private citizen contributing $1,000 a month to their 401K plan with a $3,000 company match over the same period., and it would add up to $231,000, less than 1/5 of what Weiner will receive."
Our founding fathers envisioned Congress as a place where a citizen would serve his country for a short period of time and then return to the private sector to live under the laws he had passed. Somehow selfishness has taken over where patriotism was needed.
Leave a comment