WASHINGTON, D.C. – While Congress remains stuck in gridlock and edges closer to the February 15th deadline for funding
the government while securing our border, today U.S. Senator Mike Braun (R-IN) and U.S. Senator Rick Scott (R-FL)
introduced legislation through the End Pensions in Congress (EPIC)
Act. Currently, Members of Congress are eligible for their federal
pension after just five years of service. The amount of the pension
depends on years of service and the average of the highest
three years of salary. For example, career politician Nancy Pelosi has
been in Congress for 33 years, and if she were to retire today, her
annual taxpayer funded pension would be over $102,000.
This legislation would end taxpayer-funded congressional pensions, aligning with President Trump’s agenda of draining the swamp in Washington.
“It’s time we make Washington more like the private sector and the best place to start is to end taxpayer-funded pensions – like Nancy Pelosi’s six-figure annual pension – that senators and congressmen are entitled to in retirement,” said U.S. Senator Mike Braun. “If we remove the luxurious perks from Congress, we’ll get better leaders: that’s why I’ll never accept my Senate pension and, if forced to, I pledge to donate every penny to Hoosier charities.”
“I’m proud to introduce this bill ending taxpayer-funded congressional pensions. I’ve been in Washington a month and I can already see how dysfunctional it is. When Congress failed to do their job and created the longest government shutdown in history, hardworking Americans were forced to go without pay while members of Congress were still collecting paychecks. That is wrong and is exactly why I’m fighting to reform Washington,” said U.S. Senator Rick Scott. “It’s time for term limits and it’s time to make those in D.C. realize that the era of career politicians is over. Americans should not have to foot the bill for generous salaries and pensions for members of Congress, and I’m proud to be working on common sense solutions to make Washington work for families across the nation.”
Senator Mike Braun and Senator Rick Scott introduced the “End Plush Retirements Act,” to end taxpayer-funded congressional pensions. “The End Plush Retirements Act will end congressional pensions for Members of Congress, while allowing them to continue using the Thrift Savings Plan (TSP), which is the government equivalent to a 401(k).
SOURCE: News release from the Office of Senator Mike Braun (R-Indiana)