While Rep. Anthony Weiner may no longer have the benefit of Congress’ generous health care plan once he resigns, he will still be able to collect his pension and other benefits that could total more than $1 million during his lifetime.
According to an analysis of his available benefits by the National Taxpayers Union, the New York Democrat’s pension and a savings plan lawmakers have access to similar to a 401(k) could be worth $1.12 million to $1.28 million.
At 46, Weiner will not be eligible for his pension for another decade, at which point he could begin drawing a reduced rate of $32,357 a year, according to the NTU. If he waits until age 62 to begin drawing his pension, he will receive his full benefits, or $46,224, according to the NTU’s calculations.
Additionally, if Weiner aggressively invested in the Thrift Savings Plan, his balance would be roughly $216,000, the organization said.
Weiner announced Thursday that he would resign from the House in the wake of a sexting scandal that had engulfed the liberal firebrand for weeks and distracted his party.
As of Thursday evening, however, Weiner had yet to actually resign and would technically remain a Member of Congress until next week at the earliest.
Visitors get their first look at the American Veterans Disabled for Life Memorial, which opened to the public on Monday, Oct. 6, 2014. The new memorial is located off Independence Ave. SW between the Rayburn House Office Building and HHS. Buy photo here.