Do Congressmen Get Salary For Life. Members of congress should get $30,000 a year in housing allowance 6:41 pm edt july 14, 2021.
In 2002, the average congressional pension payment ranged from $41,000 to $55,000. They can receive a partial pension beginning at age 50 or a full pension beginning at age 62. Members of congress under fers contribute 1.3% of their salary into the fers retirement plan and pay 6.2% of their salary in social security taxes.
Republican tax plan Lion of the Blogosphere
However, they are entitled to deduct washington, d.c., living expenses up to $3,000 from their federal taxes, and receive health, insurance and retirement. Contrary to popular belief, congressional members do not receive free health care. Members of congress are eligible for a pension at age 62 (with at least five years of service), age 50 (with at least twenty years of service), or at any age (after 25 years of service). Last i knew, though, they have a pension plan.
