"Rick Perry’s ‘Early Retirement’ Allows Him To Boost His Income By 60 Percent"
Texas’s longest-serving Governor, Rick Perry (R), is retiring at the end of his term in 2015, promising to walk away from his $150,000 annual salary. But by “officially” retiring early, the Texas Tribune reports that the 61-year-old has been taking home not only that salary, but also “lucrative pension benefits” that, altogether, ad up to a 60 percent boost in compensation:
Perry officially retired in January so he could start collecting his lucrative pension benefits early, but he still gets to collect his salary — and has in turn dramatically boosted his take-home pay.
Perry makes a $150,000 annual gross salary as Texas govenor. Now, thanks to his early retirement, Perry, 61, gets a monthly retirement annuity of $7,698 before taxes, or $6,588 net. That raises his gross annual salary to more than $240,000.
The GOP candidate who demanded sweeping changes to the “Ponzi scheme” that is Social Security and slammed public workers for their special “perks” is also eligible for Social Security and “lifetime, state-provided health care.” Perry’s windfall is “consistent with Texas state law and Employee Retirement System rules,” said Perry’s spokesman Ray Sullivan. The Texas Tribune’s Jay Root discovered this “early retirement manuever” via new ethics disclosures from the Federal Election Commission which requires candidates to detail exactly how they make their money.