Rep. Nugent says legislation needed to let him forgo congressional pension

Nugent calls his bill, H.R. 981, the "Congress Isn't a Career Act." It was referred to the House Committee on Oversight and Government Reform, and so far has no co-sponsors.

Nugent said that under current law, a decision to contribute his own money to a retirement account automatically sets up a 5 percent match from the federal government, and that if he does not contribute his own money, the government contributes 1 percent to his retirement. He said the law does allow members of Congress to opt out of the health plan, which he has already done.

"Our goal isn't to impose our views on anybody else, I just think elected officials ought to have the right to decide for themselves," Nugent said. "That's what this bill allows us to do."