Disgraced Rep. Wu could collect nearly $900K in pension benefits
By Billy House
National Journal
Scandal-plagued Rep. David Wu, D-Ore., will be leaving the House eligible to draw a lucrative congressional pension totaling almost $900,000.
First elected to Congress in 1998, Wu's benefits could add up over the rest of his life to an estimated $851,000 based solely on his congressional service or $891,000 if another year of possible qualifying service as a clerk with the federal judiciary is included.
Already, the 56-year-old lawmaker qualifies for an immediate annual pension of about $23,871 if he makes good on announced plans to resign sometime shortly, according to calculations provided to National Journal by the Alexandria, Va.-based National Taxpayers Union. (He had not done so as of Wednesday afternoon). That yearly amount would go as high as $24,998, if Wu's year of service as a judge's clerk is added.
http://news.yahoo.com/blogs/exclusive/d … 26404.html
politicians are supposed to be civil servants..not royalty...why on earth are they making so much money!
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