Newscoma Has Moved
Wednesday, September 20, 2006
  Ney To Receive Pension This is ridiculous.
Even though he voted four months ago to deny pension benefits to members of Congress convicted of a felony relating to their official duties, Rep. Bob Ney will be eligible to receive his congressional pension after he serves his prison sentence.

Ney, RHeath, has agreed to plead guilty to federal charges that he accepted free trips, meals and drinks from nowdisgraced lobbyist Jack Abramoff, and gambling chips worth thousands of dollars from a Syrian businessman.

Next month, a federal judge is expected to sentence him to as many as 27 months in prison. However, Ney, 52, will collect his pension because the Senate and House could not agree on a sweeping package of lobbying and ethics reforms.

I will probably get about a four dollar a year pension. Maybe I should just run for office. Ney is pleading guilty to a crime and he will still get his government pension.

But no. There's more:

Although a member of Congress can collect a pension worth as much as 80 percent of his or her $165,000 congressional salary, it is doubtful that Ney’s pension would be that lucrative. Ney has served 12 years in the House and cannot even begin to collect his pension until he reaches age 56 in 2010. And if he begins collecting his pension before age 62, he would receive a reduced amount of money.

Go read it yourself.

 
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