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Perry Already Receiving Retirement Pension Benefits



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From the Texas Tribune:

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.

Perry spokesman Ray Sullivan said the governor’s early collection of his pension benefits is “consistent with Texas state law and Employee Retirement System rules.” …

“Perry was legally able to begin collecting the employee class annuity under the ‘rule of 80.’ The combination of his U.S. military service, state service and age exceeded 80 years and qualifies him for the annuity under Texas Government Code 813.503 as amended in 1991,” Sullivan said. “Perry continues to pay into the Employees Retirement System with a 6.5 percent withholding from his state salary.”

Perry’s begun to to get some traction recently by railing against Washington and proposing overhauling the way business is done in DC. But this revelation won’t help him promote that narrative.



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