Congress’s Six-Figure Benefits Add to $674 Billion

Congress’s Six-Figure Benefits Add to $674 Billion

Andrew Harrer/Bloomberg

The U.S. Treasury pays about $4.9 billion every month for about 1.8 million retirees, an average of $31,633 annually. Federal employees contribute $1 of every $14 toward retirement, according to the National Commission on Fiscal Responsibility and Reform, a bipartisan panel created by President Barack Obama.