Howard Cobble News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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. there's 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 reformed in 1984 to make the system less generous and more in line with that of other federal workers. st...

Make the system less generous and more in line with that of other federal workers. still representative howard cobble says the system is broken. he's tried repeatedly to reform the pension program which he says hasn't won his many friends on capitol hill. >> well, it's too lavish. it's 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, they've taken good care of me, let me do the best i can once i leave after the service in the congress has been accomplished. >>...

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 friends on capitol hill. >> it is too lavish when you comparet with pensions across the country. i ...