Close Close
ThinkAdvisor

Life Health > Running Your Business

Congress’s Six-Figure Benefits Add to $674 Billion U.S. Pension Shortfall (Bloomberg)

X
Your article was successfully shared with the contacts you provided.

Almost 15,000 federal retirees, including former leaders of Congress, a university president and a banker, are receiving six-figure pensions from a system that faces a $674.2 billion shortfall.

About one of every 125 retired federal civilian workers collects more than $100,000 in benefits annually. They include physicians, postal workers and presidential candidate Newt Gingrich, according to data obtained by Bloomberg News under the federal Freedom of Information Act.