NEED VS. WANT - CONGRESSIONAL DOUBLE DIPPING! Those collecting pensions range from some of the poorest in Congress to Sen. Richard Blumenthal, D-Conn., whom the Center for Responsive Politics ranked as the third-wealthiest senator in 2011. (His net worth was between $79.6 million and $120.8 million.) That didn’t prevent Blumenthal from cashing his annual $47,000 state pension, even as Connecticut’s depleted pension fund has struggled. A 2012 study by the Pew Center on the States said the state had barely half the money it needed to pay its long-term retirement obligations, the third-worst ratio in the nation. Blumenthal bristles when asked about whether his personal wealth and congressional salary allow him to forgo the pension. “The benefits I’m receiving from the state were earned over more than two decades of public service, and they’re two separate entities, two separate governments, and … they’re being paid according to law,” he says. “I’m not going to comment as to any aspect of my financial disclosure. I would just say, I seek to give back through public service and other ways such as the charitable contributions that my wife and I make.”
Posted on: Sun, 22 Sep 2013 00:11:45 +0000
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