After four years in office, legislators get 12 percent of their final salary at age 62, 27 percent of their final salary after eight years starting at age 55, 40 percent after 12 years, with 5 percent increases each additional year, maxing out at 85 percent after 20 years. They also get 3 percent cost-of-living raises on their pensions and don’t pay the state income taxes they just raised 67 percent.
Click on the following for the rest of the NW Herald editorial: Northwest Herald | End pensions for legislators
No comments:
Post a Comment