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In reply to the discussion: Date MTG has chosen to quit is TWO DAYS after her generous congressional pension vests [View all]Wiz Imp
(8,328 posts)43. The outrage here is ridiculous
This isn't "grifting" and the "generous pension" is not nearly as "generous" as people here obviously think.
Marjorie Taylor Greene is projected to receive a monthly congressional pension of approximately $1,232. This amount is based on her minimum of five years of service in the House of Representatives and her current annual salary.
As a member elected after 1984, Greene is covered by the Federal Employees Retirement System (FERS). The standard salary for a rank-and-file Member of Congress is $174,000 per year, which is used as her "high-three" average salary.
Formula: The FERS pension formula for Members of Congress with less than 20 years of service (who retire before age 62) uses a 1.7% accrual rate. The annual pension is calculated as: $174,000 (high-three salary) × 0.017 (accrual rate) × 5 (years of service) = $14,790 per year. This annual amount is divided by 12 to get a monthly pension of approximately $1,232.
Greene, who is 51 years old, is not yet eligible to collect this pension. Under FERS rules, a former Member with five years of service must wait until they reach age 62 to begin receiving their deferred, unreduced pension.
Representative Marjorie Taylor Greene (MTG) will be eligible to receive an annual pension of approximately $8,700 if she takes an immediate annuity upon her resignation in January 2026. That works out to $725 a month.
As a member elected after 1984, Greene is covered by the Federal Employees Retirement System (FERS). The standard salary for a rank-and-file Member of Congress is $174,000 per year, which is used as her "high-three" average salary.
Formula: The FERS pension formula for Members of Congress with less than 20 years of service (who retire before age 62) uses a 1.7% accrual rate. The annual pension is calculated as: $174,000 (high-three salary) × 0.017 (accrual rate) × 5 (years of service) = $14,790 per year. This annual amount is divided by 12 to get a monthly pension of approximately $1,232.
Greene, who is 51 years old, is not yet eligible to collect this pension. Under FERS rules, a former Member with five years of service must wait until they reach age 62 to begin receiving their deferred, unreduced pension.
Representative Marjorie Taylor Greene (MTG) will be eligible to receive an annual pension of approximately $8,700 if she takes an immediate annuity upon her resignation in January 2026. That works out to $725 a month.
Hardly the windfall people here seem to think.
As for health insurance: Federal employees do not get free health insurance after retirement. Retired federal employees can get health insurance through the Federal Employees Health Benefits (FEHB) Program if they meet specific requirements, including being entitled to an immediate annuity and having been continuously enrolled in a plan for the five years before retiring. A federal employee retiring after 5 years at age 51 will pay their portion of the FEHB premium, which is based on their specific plan and coverage level (e.g., self-only, self plus one, family). The employee's contribution to the premium will remain the same as it was while they were employed.
Once again, hardly a windfall
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Date MTG has chosen to quit is TWO DAYS after her generous congressional pension vests [View all]
douglas9
Saturday
OP
Outrage where outrage is due...but this is exactly what every retiree in America tries to negotiate when leaving a job.
CincyDem
Saturday
#2
I'm upset that a person like MTG could get elected in the first place, but she was
William Seger
Saturday
#37
Ummm? But, in the case just presented .. ? Wouldn't the reverse .. ? - - -(nt)-
stopdiggin
Saturday
#15
the (manufactured) 'outrage machine' works with a certain portion of the population
stopdiggin
Saturday
#17