Report Compares Retirement Programs for Federal Employees, Members of Congress
Snippet of Article: "...congressional service, FERS was originally designed, as CSRS had been, to provide a larger benefit for each year of service to Members of Congress and congressional staff than to most other federal employees. Prior to the Middle Class Tax Relief and Job Creation Act of 2012 (P.L. 112-96), all Members of Congress also became eligible for retirement annuities at an earlier age and with fewer years of service than most other federal employees. However, all Members of Congress and congressional staff also paid a higher percentage of salary for their retirement benefits than most other federal employees before P.L. 112-96 was enacted. ..."
Source: www.fedweek.com