“…prior to her decision in favor of voluntarily retiring, Lerner was in danger of being removed from her job due to findings from an IRS inquiry board citing “neglect of duties” and mismanagement…”
Executive vice president for the National Taxpayers Union Pete Sepp reports: Even before she retired, scandalized IRS official Lois Lerner’s compensation was already attracting attention. While on administrative leave, federal rules allowed her to keep collecting a salary, one that reportedly totaled $177,000. So it was no surprise when speculation arose over how much Lerner could collect in federal pension benefits.
Unfortunately, that speculation, which initially projected a benefit of over $50,000, might be off by about half … and in the wrong direction.
National Taxpayers Union calculations show that Lerner could qualify for a starting pension at the annual equivalent of as much as $102,600, and up to $3.96 million over her lifetime.
The individual retirement choices of federal employees are not a matter of public record. However, precisely because NTU has been denied this information in the past (specifically pertaining to Members of Congress), we’ve developed the most accurate method available to provide solid estimates of how much federal employees can collect.