Monday, Nov. 28, 1994
Don't Run, Take the Money
If you thought corporate pensions were high, you're not a member of Congress. Here are the annual takes* for a few departing notables:
Rep. Tom Foley
(D.-Wash.) defeated
$123,804
Rep. Bob Michel
(R.-Ill.) retiring
$110,538
Rep. Jack Brooks
(D.-Texas) defeated
$96,462
Rep. Rostenkowski
(D.-Ill.) defeated
$96,462
Sen. Don Riegle
(D.-Mich.) retiring
$81,078
Sen. M. Wallop
(R.-Wyo.) retiring
$59,775
Sen. D. DeConcini
(D.-Ariz.) retiring
$55,669
Sen. John Danforth
(R.-Mo.) retiring
$53,289
Sen. David Boren
(D.-Okla.) retiring
$47,874
Sen. Jim Sasser
(D.-Tenn.) defeated
$53,289
Rep. Jim Cooper
(D.-Tenn.) defeated
$35,973
Sen. Harris Wofford
(D.-Pa.) defeated
$0
(did not serve long enough to qualify)
*Formula: 2.5% of the highest three-year salary average multiplied by number of years served
[TMFONT 1 d #666666 d {Source: National Taxpayers Union Foundation}]