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crook doolittle to get $45K pension

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Ernesto Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-13-09 12:57 PM
Original message
crook doolittle to get $45K pension
Edited on Tue Jan-13-09 01:01 PM by Ernesto
"WASHINGTON – John Doolittle left Capitol Hill with his legal troubles unsettled, but his financial future appears to be a bit more stable: Congress is giving him a $45,000-a-year pension that he can begin collecting in 2012, when he turns 62.

And Doolittle, who is also eligible for Social Security, will only see his pension grow as he gets older. Unlike many private retirement plans, congressional retirees are guaranteed yearly cost-of-living increases, so their pensions can ultimately exceed their annual salaries, currently $174,000."

http://www.sacbee.com/capitolandcalifornia/story/1532451.html
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Greyskye Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-13-09 01:01 PM
Response to Original message
1. I didn't think I could hate that crook any more

I was wrong. :grr:
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WhiteTara Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-13-09 01:12 PM
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2. if he's convicted
does he still get his pension?
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AlCzervik Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-13-09 03:21 PM
Response to Original message
3. i saw him the airport this summer, he was on his way out and walked right by me
it took everything in my not to yell--Corrupt bastard! My daughter told me to chill or else i'd end up in airport hail.

and there was no one waiting for him, he took the supershuttle.
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Ernesto Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-13-09 03:53 PM
Response to Reply #3
4. Yes & No (for BareNakedLiberal)
Edited on Tue Jan-13-09 03:59 PM by Ernesto
"Under the current system, even members convicted of a crime can cash in. Former Republican Sen. Ted Stevens of Alaska, for example, will receive a pension estimated at $122,000 this year. He lost his Senate seat in November after a felony conviction for lying on his official annual disclosures.

"Spurred by public outrage, Congress in 2007 voted to deny pensions to felons convicted of major crimes, including bribery, fraud, racketeering, perjury or tampering with a witness.

But Stevens, the longest-serving Republican senator in history, qualified for his pension because he broke the law before the law took effect in September 2007. In addition, his offenses were disclosure irregularities and deemed not serious enough for him to lose his pension under the new law."
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