Howard Cobble News Today

Senators bond and bunning both taking a way $58,900 in annual pensions. >> unlike state and local pension plans the federal congressional pension system is simply a direct line into the taxpayers wallet. theres no investments that need to be made, no fund balances that get worried about. whatever the liability is for a given year taxpayers cough up the money for it. >> reporter: we called the senators to get a response. our calls were not returned. the congressional retirement system was reforme...

Make the system less generous and more in line with that of other federal workers. still representative howard cobble says the system is broken. hes tried repeatedly to reform the pension program which he says hasnt won his many friends on capitol hill. >> well, its too lavish. its too generous when you compare it with pensions across the country. i elected to refuse the pension on the ground that taxpayers are subsidizing my salary now and i figure when i leave, theyve taken good care of me, le...

Made and no fund balances that get worried about. whatever the liability is for a given year, taxpayers cough up the money for it. >> reporter: we called the senators to get a response, but the calls were not returned. the congressional retirement system was reformed in 1994 to make the system less generous and more in line with that of other federal workers, but howard cobble says that the system is broken, and he has tried repeatedly to reform the pension program which has not won him too many...