Skip to comments.Sen. John Cornyn discloses 3 Texas pensions as supplemental income (2013 Flashback)
Posted on 02/14/2014 7:24:48 AM PST by jimbo123
Sen. John Cornyn has been supplementing his Senate salary for six years with pensions earned from his days as a Texas judge and attorney general retirement payments that went undisclosed for several years.
Cornyns most recent annual disclosure statement, filed last month, shows he collected $65,383 from three Texas pension plans in 2012. Thats on top of his $174,000 Senate salary.
He drew $48,807 from the Judicial Retirement System of Texas, stemming from service on the Texas Supreme Court from 1990 to 1997, plus $7,645 from the Employees Retirement System of Texas, and $6,444 from the Texas County and District Retirement System.
He served as the states attorney general from 1999 to 2002, when he was elected to the Senate. From 1984 to 1990, he served as a district court judge in Bexar County.
National Journal first reported the amendments.
Cornyn, who faces reelection next year, serves as the deputy Senate Republican leader.
An aide declined to comment on the pensions or explain why he hadnt previously reported the payments.
(Excerpt) Read more at trailblazersblog.dallasnews.com ...
He “served” seven years and gets 48,000 the rest of his life? We’re being robbed at every level of government.
Cornyn will also collect a Senate pension and Social Security after he is evicted from the Senate.
come on people, it was a mere
over site. nothing to see here, we all do it./s
I was going to stick up for him until I saw 7 years. Sheesh!
I don’t see the problem here.
If his employer said that this was part of his compensation what did Cornyn do wrong?
This is not Cornyn’s fault. Though he may be part of the problem the real problem is the politicians in general who make the laws which allow themselves and others to take money from the producers at the point of a gun. The only solution is term limits.
Cornball can start collecting a reduced Social Security THIS MONTH, as he turns 62, but he may not, as most of it would be taxed away. He’ll probably wait until 66 or 70 and then start drawing at a higher rate, but still with a hefty tax.
pension reform should be the TOP priority of the government.
NO ONE should collect more than one pension, especially from the government.
You should have to work 20+ years somewhere AND be above retirement age AND not be working elsewhere AND not be collection any other pension to get a pension.
I am in the TCDRS (Texas County and District Retirement System). The only circumstance under which one can collect a pension from the county with less than 20 years service is if you were over 60 when hired by the county. In that case, 8 years service will qualify you to receive a small pension. We contribute 7% of our salary to the system and depending on the county, they contribute anywhere from $1 to $2 for every dollar the employee puts in. In my case, after 8 years service I would be eligible for about $300 a month. I have 6 1/2 years in.
Sickening. BOHICA, taxpayers! Isn’t it great that, instead of being available for you to invest for your own benefit, the fruit of your labor is confiscated to pay these ticks for breathing? Government pension reform is long overdue.
And free healthcare for life...thank you, tax payers who can’t afford their own...totally screwed up.