Congress benefits widen pension gap

“Bloomberg BusniessWeek reports that 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.

Charles R. Babcock and Frank Bass obtained data that shows about one of every 125 retired federal civilian workers collects more than $100,000 in benefits annually.”