My Case Against Term Limits

[cyclonefence]

8. Don't forget pensions

The more frequently we churn these guys in and out of office, the more pensions we have to pay. Senators are eligible for pensions after serving only one term.

...Members of Congress are eligible for a pension at the age of 62 if they have completed at least five years of service. Members are eligible for a pension at age 50 if they have completed 20 years of service, or at any age after completing 25 years of service. The
amount of the pension depends on years of service and the average of the highest three years of salary. By law, the starting amount of a Member’s retirement annuity may not exceed 80% of his or her final salary. There were 620 retired Members of Congress receiving federal pensions based fully or in part on their congressional service as of October 1, 2015. Of this number, 344 had retired under CSRS and were receiving an average annual pension of $74,136. A total of 276 Members had retired with service under FERS and were receiving an average annual pension of $41,316 in 2015.

https://www.senate.gov/CRSpubs/ac0d1dd5-7316-4390-87e6-353589586a89.pdf