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Thursday, July 2, 2009

Thursday's Educational Hour

According to the Congressional Research Service, 413 retired Members of Congress were receiving federal pensions based fully or in part on their congressional service as of Oct. 1, 2006. Of this number, 290 had retired under CSRS and were receiving an average annual pension of $60,972. A total of 123 Members had retired with service under both CSRS and FERS or with service under FERS only. Their average annual pension was $35,952 in 2006.

I admit it; I am becoming a political junkie and the more I read the more amazed at the absolute wealth our congress accumulates in benefits and salaries while in office. I am further amazed at the immense wealth and stock portfolios many of our elected officials have. I don’t know for sure what all this means, but here are some links, federal and private, where one can do some research on who owns what and how votes go. In the next post I will show what happens to the kids of these people and wish ours had the avenues to golden opportunities that are sprinkled on the relations of public officials.
Have fun; it is interesting reading. Oh you might have to cut and paste the sites as I could not make them clickable here.

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