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Will your congressman retire richer than you?
Members of Congress receive retirement benefits that are far more generous than those earned by the average worker, according to a recent Bankrate analysis. Not only do congressional representatives and senators earn the guarantee of a monthly pension check – a benefit that has become increasingly rare for most U.S. workers – they also receive Social Security payments and can opt to pay into the federal Thrift Savings Plan, a 401(k) style-plan with fees that are far lower than most retirement plans. Read more…
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