Sunday, May 03, 2009

Mass. Pension boost aids lawmakers

Overpaid Government Worker reports:
Christopher J. Hodgkins, a Democrat from Lee who stepped down from the House in 2003 at the age of 45, for example, got a $15,800-a-year boost. That is worth about $550,000 in total extra benefits if he lives to 80.

Francis G. Mara, a Democrat from Brockton who retired in 1996 at age 45, got a $11,300-a-year increase, worth a total of $395,000 if he lives to 80; and Paul E. Caron, a Democrat from Springfield who retired in 2003 at age 47, got a $14,500 annual bump in his pension, worth $480,000 in estimated lifetime payments.

Mara and Caron are now lobbyists.
Do you get to retire that early with a pension? They sure are greedy.