Are Congressmen Worth $107,000 Per Year in Retirement?
Norm Dicks Says He's Worth Every Penny
Insider of the Week
This Washington state Democrat will cash a monthly check from the U.S. government for $7,365.82.
"I think I did a good job for the people in the state of Washington, you know. I think that this is fair, I really do," Dicks, 72, said in an interview.
Dicks, who's now working as a consultant with defense companies, is among a handful of departing members of Congress who are eligible for six-figure pensions in the first year of retirement. If he lives long enough, his pension could exceed his congressional salary of $174,000 in 2012, with members eligible for annual cost-of-living increases.
Altogether, about 75 new retirees will add to the estimated $28 million in yearly pension costs for Congress.
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