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i heard that too but i dont kow if that is true. sorry, i didint know the answer.
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∙ 13y ago
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Is it true that every member of the United States House of Representatives continues to receive his or her full salary every year for life after either retiring or loosing re-election?
No, that is not true. Members of Congress receive retirement and health benefits under the same plans available to other federal employees. They become vested after five years of full participation. As it is for all other federal employees, congressional retirement is funded through taxes and the participants' contributions. Members of Congress under FERS ( Federal Employees Retirement System) contribute 1.3 percent of their salary into the FERS retirement plan and pay 6.2 percent of their salary in Social Security taxes. Members of Congress are not eligible for a pension until they reach the age of 50, but only if they've completed 20 years of service. Members are eligible at any age after completing 25 years of service or after they reach the age of 62. Members of Congress have to serve at least 5 years to even receive a pension. The amount of a congressperson's pension depends on the years of service and the average of the highest 3 years of his or her salary. By law, the starting amount of a Member's retirement annuity may not exceed 80% of his or her final salary.
When is full retirement age when born in 1962?
Your full retirement age is 67. You can start collecting benefits at age 62, but you will receive only 70% of your full retirement amount. The longer you wait, the more you will receive. This holds true even if you wait until after you are 67; you will receive more than 100% of your full retirement age benefit..
How many congressional districts does Delaware have?
There is only one congressional district in Delaware
Is it true that the personal staff of Congressmen are able to vote on bills and supervise lobbyists?
Staffers do have dealings with lobbyists, but they are not allowed to vote on bills.
Is it true that cacti are full of sand?
no, it is not true. Cacti are full of water.
A senator is paid a salary of 165200.00 per year?
True
What is the true n exact salary of a sbi clerk?
13680
How good is the Charles Schwab 401k for retirement?
The Charles Schwab 401k is an excellent choice for retirement. This is especially true for those who like to be in control of their investments and are financially literate.
What was david bechams weekly salary at la galaxy?
1.000000.0000000.0000000000000.0000000000.!!!!!!!!!! and that is TRUE
Is the fair value of an asset retirement obligation recorded as an increase to the related asset and as a liability?
Is it true the fair value of an asset retirement obligation recorded as an increase to the related asset and as a liability?
True or False goldfish will stop eating when they are full?
True
Is the email A well planned retirement from London times true?
It's not true. It's a two-year-old April Fools' prank gone viral.
