The son-of-a-bitch — along with his buddy Chris Dodd — most responsible for the collapse of the American economy is retiring.
Shit ... too bad it didn't happen 10 years ago.
Now this faggot — and in this case I mean it AS a derogatory term — gets a pension.
Here's what we're now paying Barney Frank after he and his cohorts destroyed our economy via Fannie Mae and Freddie Mac.
Any of you do this good?
Salary and benefits
The annual salary of each senator, as of 2009, is $174,000; the president pro tempore and party leaders receive $193,400. In June 2003, at least 40 of the then-senators were millionaires.
Along with earning salaries, senators receive retirement and health benefits that are identical to other federal employees, and are fully vested after five years of service. Senators are covered by the Federal Employees Retirement System (FERS) or Civil Service Retirement System (CSRS). As it is for federal employees, congressional retirement is funded through taxes and the participants' contributions. Under FERS, senators contribute 1.3% of their salary into the FERS retirement plan and pay 6.2% of their salary in Social Security taxes. The amount of a senator's pension depends on the years of service and the average of the highest 3 years of their salary. The starting amount of a senator's retirement annuity may not exceed 80% of their final salary. In 2006, the average annual pension for retired senators and representatives under CSRS was $60,972, while those who retired under FERS, or in combination with CSRS, was $35,952.