A look into Rick Perry’s finances shows the Texas Governor is a double-dipper, collecting a salary and retirement benefits simultaneously.

A personal financial disclosure form that presidential candidates are required to file shows that Perry is collecting his $7,700 monthly state pension, in addition to his governor’s salary of about $133,000 per year. That is allowable under state law, using a complicated formula.

According to Quorum Report’s Harvey Kronberg the state uses a formula to calculate retirement pay, but only a very limited number of people can take advantage of a scenario like this.

"I think when it is all said and done, it makes the governor look awfully hypocritical to be attacking social security as a Ponzie scheme while having a governor’s salary and a government pension," Kronberg said.

But while the move may look hypocritical, Kronberg said this scandal won’t rate high in comparison to other distractions this primary season.

"When you are looking at the massive wealth of a Mitt Romney or a Newt Gingrich taking money from Fannie or Freddie for giving advice, the order of magnitude is small,” Kronberg said. “But it does take him off of his story line of a values oriented presidency."

The GOP candidate addressed the issue while on the road in Iowa.

"I bought my military time and then obviously the 25 years of public service so as you reach that age to become eligible for it so I don’t find that to be out of the ordinary," Perry said.

It’s a move that may not be out of the ordinary, but is sure to draw controversy just before the start of primary elections.

Governor Perry reports a net worth of $1.3 million and an annual income of $290,000.

The Associate Press contributed to this report.