No lifetime cap. Payments forever. More than SSI and after 83' they in that too! Family medical for life, on and on. Huge staff, travel. Perks up wazoo!
A member of Congress retiring with 20 years of service under FERS and a high three-year average salary of $174,000 would get an initial annual FERS pension of $59,160.
A member of Congress retiring with five years' service under CSRS and 25 years under FERS at the same salary level would get an initial annual pension of $89,610.
A member of Congress retiring with 30 years of service under the CSRS offset plan would get an initial annual benefit of $130,500. However, at age 62 or older, this amount would be reduced by the amount received from Social Security attributable to federal service.
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Golden Retirement Benefits For Congress | Bankrate.com Follow us: @Bankrate on Twitter | Bankrate on Facebook