"Even as most Americans face high taxes and other roadblocks to their own retirement, Members of Congress have paved a smooth path for their golden years," said NTUF President John Berthoud. "Too bad taxpayers are supplying most of the gold."

According to the study -- whose results were reported today in an Associated Press story -- 38 former House and Senate Members from the 108th Congress amassed sufficient service to qualify for a pension. Among the highlights:

-- Defeated South Dakota Sen. Tom Daschle (D) is eligible for a pension of $121,233 this year, the highest amount among any studied. Assuming Daschle lives to the actuarially-projected age of 82.1 years and receives a 4 percent Cost of Living Adjustment (COLA) annually, his total lifetime pension amount could reach $5.077 million. Also high on the list was former House Member and Presidential hopeful Dick Gephardt (D-Mo.), with a 2005 pension of $102,330 and a projected lifetime payout of $3.091 million.

-- Three long-serving ex-lawmakers, Sen. John Breaux (D-La.), Sen. Ernest Hollings (D-S.C.), and Rep. Phil Crane (R-Ill.), each qualify for a $114,102 pension in 2005. Among these three, however, Breaux would statistically be the likeliest to receive the largest total payment over the course of his life ($4.074 million).

-- Even Members of Congress with shorter tenures can look forward to significant pension packages. For example, former Rep. Jennifer Dunn (R-Wash.), with 12 years of service, could collect as much as $1.011 million over her lifetime, while Chris John (D- La.), Nick Lampson (D-Texas.), and Max Sandlin (D-Texas.) could eventually receive over $500,000 apiece for serving eight years in the House.

-- Although lawmakers elected in 1984 and thereafter tend to be covered by a pension plan that is less generous than the one offered to their senior colleagues, they can make up for much of this difference due to a taxpayer-funded "match" of salary contributions in a "Thrift Savings Plan" that functions much like a private-sector 401(k) arrangement. By taking maximum advantage of this plan and its investment options, a lawmaker elected in 1990 could retire this year with Thrift Plan assets of more than $248,000.

Members of Congress are covered under the two major retirement systems that include most federal employees, but lawmakers enjoy better pension formulas and eligibility rules than rank-and-file workers (participation is voluntary).

In addition, Congressional pensions are two to three times more generous than those offered to similarly-paid executives in the private sector; one reason is a yearly COLA that few businesses offer. Individual pension amounts for Members of Congress are not a matter of public record. However, NTUF utilizes data on lawmakers' service, eligibility, and life expectancies to provide the most accurate calculations of pensions possible.

© 2005 Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.

Editor's note: