KeithD
Virgin
- Joined
- Jan 14, 2012
- Posts
- 29,626
GOPer Cory Gardner put his party before the country — and now his career is ‘toast’: Conservative
Good thing he's got that sweet government pension plan!![]()
How sweet do you think that plan is? This is a common misunderstanding that floats around on FB frequently. Congressmen get the same retirement plan other federal workers do. His retirement if he leaves government is based on age, years, of service, and salary (at the maximum it wouldn't go beyond 80 percent of salary). Gardner is 46, too young to draw any retirement yet. Overseas danger pay would permit him to start drawing it at 50, but I don't think he qualifies. If he leaves Congress this year, he'll only have 9 years qualifying service for retirement (he first took federal office in 2011). Chances are very good he would have built up better credits toward retirement for those 9 years in the private sector.
Bringing up a cushy retirement for these people is a nonstarter that doesn't take reality into account. If Gardner leaves now, he wouldn't draw from the federal system nearly what he probably could build up in the same time in the private sector (or he wouldn't have had enough salary-pulling clout to win public office to begin with) and it will be several years before he can draw anything at all.
