19 pages. "Congressional pensions, like those of other federal employees, are financed through a combination of employee and employer contributions.... Members of Congress are eligible for a pension at the age of 62 if they have completed at least 5 years of service. Members are eligible for a pension at age 50 if they have completed 20 years of service, or at any age after completing 25 years of service. The amount of the pension depends on length of service (as measured in months) and the average of the highest three years of salary." [RL30631 updated Jul. 25, 2023]  MORE >>