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originally posted by: Justso
Beto is not a self-made man. What has he acccomplished other than an ability to attract a wealthy wife?
How Much Do Congressmen Make Before Retirement? Most senators and representatives make an annual salary of $174,000. Those in leadership make a bit more. For example, the speaker of the House makes $223,500 and majority and minority leaders in the House and Senate make $193,400. Congressmen earn this annual salary for the duration of their terms. Senators serve six-year terms, while members of the House serve for two years. There are no term limits. Members also get allowances to pay their staff and cover office and travel expenses. Senators’ average allowance is $3,306,570, while representatives’ is typically $900,000. Congressmen are also able to deduct $3,000 a year for the living expenses they accrue while they’re away from their home states or congressional districts.
What Are Congressional Pensions Like? Congressmen don’t reap their annual salary for life. They do receive generous retirement benefits though. The Atlantic estimated that when former House Speaker John Boehner (R-Ohio) retired he received an $86,000 annual pension.