Pensions: Congress's Capitol Gains

Although the average Government pension is a modest $12,000 a year, on Capitol Hill, at least, retirement sometimes beats working. According to a study released last week by the National Taxpayers Union, the annual pensions of 138 former members of Congress are higher than their salaries were in their final year of Government service. Five receive more than the current congressional salary of $72,600, including retired House Speaker Carl Albert of Oklahoma, who pockets $87,864 a year. Former Congressmen Richard Nixon and Gerald Ford are paid $30,816 and $64,800 respectively, in addition to their presidential pensions and perks. Even former...

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