(Disgraced Senator) Ensign eligible for estimated $27,000 in annual pension

WASHINGTON -- When former Sen. John Ensign resigned from Congress this month, he became eligible to take home a parting taxpayer gift -- an estimated $27,000 in annual retirement pay.

Even as he departed under a cloud, Ensign, 53, qualifies for a full pension once he turns 62, based on his 10 years of service and salaries he earned while representing Nevada in the U.S. Senate, according to calculations by the National Taxpayers Union.

"Even though the amount may appear to be relatively small, for a little over 10 years of service it is not a bad return at all," said Pete Sepp, executive vice president of the nonprofit tax watchdog group. He added the pension further is protected by annual cost-of-living increases.

Congressional pensions are typically two to three times more generous than those offered to similarly salaried workers in the private sector, according to the National Taxpayers Union. Further, only one in 10 private plans offers similar cost-of-living features.

http://www.lvrj.com/news/ensign-eligible-for-estimated-27-000-in-annual-pension-122428324.html

He would be legible for 10 per cent of his high three (1% times 10) . At the current 174,000.00 dollars per year he would get $17,400.00 per years. at age 62. You know it's from a right wing sight because of the math error and the the attack on the federal pensions.

Some wingnuts think members of Congress get a pension equal to 100% of their salary after having served one day. I just received yet another chain email that asserts this very thing.

than the average taxpayer.