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Chesapeake Bill · 05-11-2011, 05:42 AM

Members of Congress are not eligible for a pension until they reach the age of 50, but only if they've completed 20 years of service. Members are eligible at any age after completing 25 years of service or after they reach the age of 62. Please also note that Members of Congress have to serve at least 5 years to even receive a pension.

Source:
US Congress Salaries and Benefits – Salaries and Benefits of US Congress Members

It is a little more complicated than that. Here's more...

As of October 1, 2006, 413 retired Members of Congress were receiving federal
pensions based fully or in part on their congressional service. Of this number, 290
had retired under CSRS and were receiving an average annual pension of $60,972.
A total of 123 Members had retired with service under both CSRS and FERS or with
service under FERS only. Their average annual pension was $35,952 in 2006.

Source:
http://www.senate.gov/reference/reso...df/RL30631.pdf

I guess the trick is to get elected at age 56 and hold that post until you reach age 62...then you would get a small pension.

05-11-2011, 05:42 AM	#10
Chesapeake Bill Registered User Join Date: Oct 2010 Posts: 204	Members of Congress are not eligible for a pension until they reach the age of 50, but only if they've completed 20 years of service. Members are eligible at any age after completing 25 years of service or after they reach the age of 62. Please also note that Members of Congress have to serve at least 5 years to even receive a pension. Source: US Congress Salaries and Benefits – Salaries and Benefits of US Congress Members It is a little more complicated than that. Here's more... As of October 1, 2006, 413 retired Members of Congress were receiving federal pensions based fully or in part on their congressional service. Of this number, 290 had retired under CSRS and were receiving an average annual pension of $60,972. A total of 123 Members had retired with service under both CSRS and FERS or with service under FERS only. Their average annual pension was $35,952 in 2006. Source: http://www.senate.gov/reference/reso...df/RL30631.pdf I guess the trick is to get elected at age 56 and hold that post until you reach age 62...then you would get a small pension. Last edited by Chesapeake Bill; 05-11-2011 at 05:47 AM..