Fiction: No. Members who have participated in the congressional pension system are vested after five years of service. If members leave Congress before reaching retirement age, they may leave their contributions behind and receive a deferred pension later. Members of Congress do not continue to draw their same pay after they are no longer in office. After all, their nominal tax burden does not increase.
There have been several motions, particularly from a few Senate Republicans, to cut higher pension contributions and change the health care benefits for federal employees since This plan and subsequent measures received little support. Census Bureau. Spectrem Group. Center for Responsive Politics. Office of Personnel Management. United States Senate. Thrift Savings Plan. Social Security Administration.
Pension Rights Center. Board of Governors of the Federal Reserve System. Accessed Feb. Pension Benefit Guaranty Corporation. Congressional Research Service. Economic Policy Institute. National Conference of State Legislatures. Retirement Planning. Personal Finance. Actively scan device characteristics for identification. Use precise geolocation data.
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As is the case for presidents and former presidents, members of Congress both past and present have sources of income beyond federal salaries and pensions. Honoraria payments for appearances, speeches, or op-eds are limited, or, in some cases, prohibited for House reps see page here. A condensed guide to restrictions on outside employment for members of the House can be found here.
Compensation for an active-duty U. Army soldier depends on rank and experience. Partly false. This article was produced by the Reuters Fact Check team.
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