In the discussion thread: Rejoice--Kyrsten Sinema's Political Career is Already Over [View all]
Response to tikka (Reply #1)
Sat Jan 22, 2022, 12:51 AM
madville (7,080 posts)
66. The FERS pension kinda sucks, even for Congress
Especially since she joined Congress in 2013. If she goes 12 years until the end of 2024 (6 years in the House and 6 in the Senate), she’ll get about 12% of her high three salary years when she turns 62. So say $175k a year, 12% of that would be about $21k a year at age 62, or about $1750 a month. She could draw it early at age 57 with a 25% penalty, so that would be $1300 a month about 12 years from now since she is only about 45 years old.
Not really all that great, they reformed the congressional pensions years ago and made it similar to most other federal employees. |
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