Congress Keeps Pensions Despite Deficit

Chris Cuomo investigates Congress members' benefits.
2:10 | 11/04/11

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Transcript for Congress Keeps Pensions Despite Deficit
Republicans and Democrats in Washington agree that people in the country have to tighten their belts to reduce the budget deficit. But are members of congress doing the same. 20/20 co anchor Chris Cuomo went to congress to investigate -- tonight brings back a regular 20/20 segment. Give me a break. Why is this congressman ignoring -- here's a hint it's not his hearing. Maybe it's because I'm here to ask about the lavish congressional pensions. That allow them to retire earlier and collect more money -- almost everyone else in or out of government. Guess what you are paying for it. Fact is a twenty year member of congress whose at least sixty -- collects over 50000. Dollars a year for a life. I represent taxpayers back told Christian who don't like a whole lot of money. Meet the face of the resistance congressman Howard Coble of North Carolina who's been trying to cut back the penchant for 28 years. Right now -- sponsoring one of three bills that -- the replaces the pension with a 401K or brings it in line with the rest of federal employees. And of course you can imagine Chris have a cosponsor Jon -- how many -- -- -- say seven. No not hard and it. And that's what brought me to Washington -- congressman Dan Lungren he chairs a committee that's been sitting on these bills for months -- here is -- He says he's been busy making cuts to save money elsewhere those -- -- this one. Religious holidays right immunity at a time when everyone has to tighten their belts for you to say we're -- that our -- be better than everybody else's. Just look at all of them. When they've been -- -- that's why we have to question. Below -- beginning the elevator doors close. But this situation is not over. Now by any stretch in fact tonight you'll see something that's very rare in DC these days -- progress.

This transcript has been automatically generated and may not be 100% accurate.

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