Why are Republicans trying to game the system? Why do they insist on maintaining loopholes that benefit only the rich? These are questions many Americans are asking, and Rick Perry’s actions pin points exactly why Republicans do what they do. Perry found a way to retire, and still collect his salary and make more money in the process.
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 governor. 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.
On a swing through Cherokee, Iowa, Perry was asked why the Employee Retirement System should be paying his retirement while he’s still collecting a salary.
“That’s been in place for decades … I don’t find that to be out of the ordinary,” Perry said. “ERS called me and said, ‘Listen, you’re eligible to access your retirement now with your military time and your time and service, and I think you would be rather foolish to not access what you’ve earned.”