WASHINGTON – South Jersey Congressman Rob Andrews, a Democrat who said this week that he is resigning to take a job that will help pay for his daughters’ educations, had more than $500,000 in family income in 2012, public records show.
Andrews’ House salary is $170,000. In 2012, his wife, Camille, made roughly $167,000 as an associate dean at the Rutgers School of Law-Camden, according to public data published by Gannett New Jersey. Another $105,000 plus $60,000 in stock options and stock awards came from her position as a director at Marlton-based Hill International, a project management and construction claims consulting company, according to the businesses’ filings with the Securities and Exchange Commission.
Camille Andrews also made $10,000 from July 2011 to June 2012 as director at the Ayco Charitable Foundation, according to its 2011 tax return.
The combined compensation of those jobs is $512,000. Camille Andrews was also counsel at Bala Cynwyd’s Context Capital, described by Forbes as a private equity firm. Her pay there is not public.
Rob Andrews has been facing a long-running House ethics investigation into his use of campaign funds, but has emphatically said this week that his sudden departure from Congress – he leaves Feb. 18 – is to take a law firm job that will help pay for his daughters’ schooling, not because of any potential punishment.
“We’d rather not bury ourselves or our kids in debt,” Andrews said in a telephone interview Friday. “The difference for us is between borrowing money and (being) able to pay as we go, and we’d prefer not to borrow.”
He added, “I think it’s a choice my constituents understand.”
Andrews said that with his family income, they would still have had to borrow to pay the estimated $750,000 cost of medical school for one daughter and an undergraduate education for another. By leaving Congress and taking a new job as the head of public affairs for Philadelphia law firm Dilworth Paxson, Andrews said, the family can avoid taking on new debt.
Andrews’ total assets were valued between $483,000 and $1.14 million according to his latest financial disclosure form, filed in May. He had liabilities of between $515,000 and $1.05 million. (The form only asks form ranges of assets and liabilities, not exact amounts). Andrews’ assets ranked 228th in the House, roughly in the middle of the 435-person body, according to OpenSecrets.org.
Andrews announced his sudden departure Tuesday.
He has said the ethics inquiry had nothing to do with his decision. He has unequivocally added that he has had no notice of an impending decision or statement from the ethics committee. Ethics watchdogs have questioned the timing and circumstances of his decision.