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Members of the NJ General Assembly receive an annual base salary of $49,000 with the Senate President and the Assembly Speaker earning slightly more. Members receive $110,000 for staff salaries. In addition, they receive 12,500 postage stamps, stationery and a telephone card.
In 2002, the average congressional pension payment ranged from $41,000 to $55,000. As of November 2014, senior Members of Congress who have been in office for at least 32 years can earn about $139,000 a year.
Senators and representatives make a good living and have very generous retirement benefits. However, congressmen are not paid for life. To collect their full pensions they must meet set age and terms of service requirements. Senators and representatives can never receive more than 80% of their final salary.
A member of Congress retiring with five years' service under CARS and 25 years under FEES at the same salary level would get an initial annual pension of $89,610. A member of Congress retiring with 30 years of service under the CARS offset plan would get an initial annual benefit of $130,500.
The pension value can be up to 80% of the member's final salary. 4 Currently, Congressional pay is $174,000 per year, which, at an 80% rate, equates to a lifelong pension benefit of $139,200. 5 All benefits are taxpayer-funded.
The average General Motors salary ranges from approximately $45,084 per year for Laborer to $133,110 per year for Engineering Manager. Average General Motors hourly pay ranges from approximately $20.65 per hour for Warehouse Worker to $41.06 per hour for Millwright.
GM on average pays $63 an hour for its factory workers, while Ford pays $61 and Fiat Chrysler is at $55. That compares with $50 per hour for nonunionized employees at foreign automakers with factories in the U.S. Narrowing that gap is a main objective for the Detroit Big Three.
Roughly speaking, the average hourly pay for a member of the United Auto Workers currently ranges from $28 to $38 or so for those hired before September 2007, and between $16 and $20 for workers hired afterward.
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