Search results
Results from the WOW.Com Content Network
Senate salaries House of Representatives salaries. This chart shows historical information on the salaries that members of the United States Congress have been paid. [1] The Government Ethics Reform Act of 1989 provides for an automatic increase in salary each year as a cost of living adjustment that reflects the employment cost index. [2]
If Members leave Congress before reaching retirement age, they may leave their contributions behind and receive a deferred pension later. [1] The current pension program, effective January 1987, is under the Federal Employees Retirement System (FERS), which covers members and other federal employees whose federal employment began in 1984 or later.
Before 1958, the U.S. federal government provided no pension or other retirement benefits to former United States presidents. Andrew Carnegie offered to endow a US$25,000 (equal to $789,310 today) annual pension for former chief executives in 1912, but congressmen questioned the propriety of such a private pension.
For premium support please call: 800-290-4726 more ways to reach us more ways to reach us
The Constitution calls for members of Congress to set their own pay, and the current wages of $174,000 a year were established by an automatic 2.8 percent raise in January of 2009 as outlined in ...
Members of Congress may be getting an up to $6,600 raise this year. That's due to a provision in a must-pass funding bill that's set to get a vote this week. Rank-and-file lawmakers have been ...
Madison's original intent was that it be added to the end of Article I, Section 6, Clause 1 of the Constitution ("The Senators and Representatives shall receive a Compensation for their Services, to be ascertained by Law, and paid out of the Treasury of the United States"). [10]
If members leave Congress before reaching retirement age, they may leave their contributions behind and receive a deferred pension later. [19] The current pension program, effective January 1987, is under the Federal Employees Retirement System (FERS), which covers members and other federal employees whose federal employment began in 1984 or later.