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CLEVELAND — Sen. Richard Burr announced on Wednesday that he will not run for office again after his next term.

Burr made the announcement at a breakfast for the North Carolina delegation at the Republican National Convention in Cleveland.

“It’s real simple: I’m beginning to get old,” the 60-year-old Burr said, according to the Charlotte Observer. “I still look forward to getting back into the private sector before retirement even comes into the picture. I never envisioned retiring out of the Congress.”

Serving in the U.S. Senate since 2005, Burr represented North Carolina’s 5th congressional district in the U.S. House of Representatives from 1995 to 2005. He currently serves as the Senate Intelligence Committee chairman.

Burr is currently seeking a third term in the Senate, facing Democratic challenger Deborah Ross.

“Since he was first elected to Congress, Senator Burr has become a millionaire, voted to raise his own pay, and voted against tax cuts for the middle class. He doesn’t need to pledge to retire – voters will do it for him this fall,” said Cole Leiter, press secretary for Deborah Ross for Senate.