Saturday, December 25, 2010

HOW MUCH SALARY DO WE PAY CONGRESS?

How much are members of Congress paid and what are their retirement benefits?

The current salary for all senators and members is $174,000. The salary for the speaker is $223,500 and the salary for the majority and minority leaders is $193,400.
Members of Congress are covered by the same retirement plans as other federal employees, the Civil Service Retirement System (CSRS) for those hired, or elected, before 1984, and the Federal Employees Retirement System (FERS) for those whose service began in 1984 or later. There are some differences in retirement age eligibility, years of service required, and contributions. Members elected after 1984 also participate in Social Security.
As of October 1, 2007, the average annual pension for former members under the CSRS plan was $63,696; for those under the FERS plan, $36,732.
Further information about congressional salaries, pensions, and benefits may be found at TheCapitol.Net and C-Span's Capitol Questions.


http://thomas.loc.gov/home/faqlist.html#10

FYI: CONGRESS REIGN & DATE CONVERSION:
1973-1974       93rd
1975-1976       94th
1977-1978       95th
1979-1980       96th
1981-1982       97th
1983-1984       98th
1985-1986       99th
1987-1988       100th
1989-1990       101st
1991-1992       102nd
1993-1994       103rd
1995-1996       104th
1997-1998       105th
1999-2000       106th
2001-2002       107th
2003-2004       108th
2005-2006       109th
2007-2008       110th
2009-2010       111th

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