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Thursday, July 28, 2011

U.S. Lawmakers Among World's Best Compensated

The $174,000 base salary for members of Congress is one of the highest legislator pays in the world when compared against the average wage earner, a new report shows.

When benefits are added in, lawmakers earn around $285,000, according to the report released by the Taxpayers Protection Alliance and Our Generation. The largest benefit is contributions toward retirement, which the study's authors estimated at $82,000 annually.

The base salary for a member of Congress is 3.4 times greater than the average $50,875 wage of a full-time employee in the United States. That disparity is second only to Japan (3.7 times) among the 13 countries highlighted in the study. Before adjusting for benefits, the base salary places members amoung the top 5 percent of all American workers.,

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