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Congressional Retirement System

Strengthening the Economy > Government Spending > Congressional Retirement System
Congress should abolish its enhanced retirement benefit calculation and be subject to the same benefits formula as typical federal employees.We recommend that the Congressional retirement system be abolished.

There is in fact no special Congressional retirement system. They are just members of the Federal Employees Retirement System (FERS), although they are eligible for the older Civil Service Retirement System (CSRS) if they were in Congress before 1984.

The problem is that Congress requires FERS to calculate its own retirement benefits much more generously than for typical federal employees.

Fault:

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