Lawmakers receive no salary, but pension benefits add up

Posted: Wednesday, May 8, 2013 8:00 pm | Updated: 1:32 pm, Fri May 10, 2013. Associated Press

Voters booted Republican Dan Foley from office after a decade in the New Mexico Legislature, and within months he began collecting taxpayer-financed pension benefits — even though he was only 39 years old.

By the time he turns 67 and qualifies for full Social Security benefits, Foley will have received nearly $450,000 in pension payments in exchange for the $5,000 he contributed to the plan while serving in the state House of Representatives.

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