Congressmen and Senators work very hard; sometimes they even work - as opposed to campaign - five days a week. So, of course, they should get a pension, at least a decent pension. Currently, almost 500 of our retired representatives get a pension; the total annual cost is $28,000,000. The amount of the pension varies with years of service. You need to have served at least five years, the maximum annual pension of $125,000 is paid to those who have served thirty-two years. There is also a 401(k)-type plan where we match the representative's contribution up to 5 percent.
The fact that they receive a pension does not, of course, prevent them from working. Some have become consultants to defense companies, which are largely financed by the taxpayers and depend on Congress for their revenue.
It's a wonderful life.
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