Amazon.com Widgets

 

Information Connection: Congress and Social Security

See: What is Social Security?

Our Senators and Congressmen don't pay in to Social Security, and, of course, they don't collect from it.

Hmm. If this is such a good deal, then why aren't they required to participate in it the way nearly all other US Citizens are? Instead, they have a special retirement plan that they voted for themselves many years ago. 

For all practical purposes, their special plan (which we pay for)  works like this:
When they retire, they continue to draw their same pay, until they die, except that it may be increased from time to time, by cost of living adjustments.

For instance, former Senator Bradley, and his wife, may be expected to draw $7,900,000, with Mrs. Bradley drawing $275,000 during the last year of her life. This is calculated on an average life span for each.

This would be well and good, except that they paid nothing in on any kind of retirement, and neither does any other Senator or Congressman.

This fine retirement comes right out of the General Fund: our tax money.

We pay for their luxury retirement plan, but draw an average of $1000/month from Social Security.

Imagine for a moment that you could structure a retirement plan so desirable that people would have extra deducted so that they could increase their own personal retirement income. A retirement plan that works so well, that Railroad employees, Postal Workers, and others who aren't in it, would clamor to get in.

That is how good Social Security could be, if only one small change were made. That change is to jerk the Golden Fleece retirement out from under the Senators and Congressmen, and put them in Social Security with the rest of us. Then watch how fast they fix it.

Write to your Congressman, today: http://www.house.gov/writerep/

 

 

 

 

Shopping | Translators

Articles | Book Reviews | Free eNL | Search | Weather || Contact Us | Home

Get cool posters
Stores and great deals

This material, copyright Mindconnection LLC 1997-2008. See About Us for policies and contact information.
Don't make all of your communication electronic. Hug somebody!