Taxpayers provide pensions, generous pensions, to many millionaires who once worked in government. Not JUST those who were in Congress. (From Forbes) As the longest-serving member of Congress, Sen. Patrick Leahy (D-VT) would qualify for a yearly pension of $167,040 if he retired today.
Source: Why Are U.S. Taxpayers Providing Public Pensions To Millionaire Members Of Congress?
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Critics question the necessity of such a system. Why are U.S. taxpayers providing public pensions to millionaire members of Congress on top of a 401(k)-style plan? (The median net worth for a member recently exceeded $1.1 million.)
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Why indeed?
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