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Scruffy1

(3,533 posts)

14. There is a carve out for Congress members.

Reply to elleng (Reply #2)

Wed Feb 1, 2023, 02:43 AM

Feb 2023

They are act9ally vested after 2 years. Doe most federal and postal workers the rule of 85 applies. Years of service plus age. Postal Inspectors and Law enforcement like FBI are eligible after 20 years. The federal pension is 1% of the average high five years and is actually funded by a payroll deduction. So for s congressman who gets 2 years it would be about $4000 a year after age 62. The good part is the matching funds in the TSP.

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23 replies

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Person who knows "George Santos" (or whoever he is) knows why Santos went to congress... [View all] CousinIT Feb 2023 OP

I believe a member of Congress GP6971 Feb 2023 #1

Sounds right. Federal employees, however: elleng Feb 2023 #2

Many thanks GP6971 Feb 2023 #3

You're welcome. elleng Feb 2023 #4

There is a carve out for Congress members. Scruffy1 Feb 2023 #14

Vested after 2 years? Other sources say it's 5 years. brush Feb 2023 #18

Federal employees PAY into their retirement and Medicare and SS and any tax deferred savings plan. Samrob Feb 2023 #20

Yes, we do/did pay into our retirement plans. elleng Feb 2023 #21

I just searched and it said.. Yeah, Cha Feb 2023 #5

Yup...screw that POS. GP6971 Feb 2023 #7

Sounds like bullshit Effete Snob Feb 2023 #6

stupid bullsh*t. mostly inaccurate stopdiggin Feb 2023 #8

Amen! The late Speaker Jim Wright often said "We already have them yellowdogintexas Feb 2023 #12

two good arguments stopdiggin Feb 2023 #23

This message was self-deleted by its author tosh Feb 2023 #9

The pension thing is a myth sorcrow Feb 2023 #10

yes, the pension depends on how many years served Hamlette Feb 2023 #11

Regular federal employees get 1% a year madville Feb 2023 #16

sorry, I was wrong Hamlette Feb 2023 #17

That's great for you madville Feb 2023 #19

yes, I worked for state agencies for nearly 30 years Hamlette Feb 2023 #22

Congress ppl don't get full pay when they leave office, no matter how long they have served. progressoid Feb 2023 #13

He's an idiot madville Feb 2023 #15