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    This is a great way to pad your retirement savings during the last decade of your working career. For 2024, you can contribute an extra $7,500 in addition to the $23,000 maximum 401(k ...

  6. Congressional pension - Wikipedia

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    The basic retirement annuity under FERS is equal to the (Average High-3 Salary x .017 x Years of Service through 20 years)+(High-3 Salary x .01 x Years of Service over 20)= Annual Pension Members who began congressional service before 1984 and who elected to join FERS will receive credit under FERS from January 1, 1984, forward.

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