Wednesday, April 25, 2007

Social Security and Congress--Your thoughts?

I received the below message via email and though I’m sure it isn’t the first time it has been said, I thought it might be interesting to see what would come from it on the blog. Please offer your comments: Though we, as the people, are not able to start a bill, we are able to start petitions, use the internet to get our dissatisfaction out, and use our voices to put pressure on Congress to deal with this situation. How should we move forward in presenting this information and drawing people together around its message?


Perhaps we are asking the wrong questions during election years. Our Senators and members of Congress do not pay into Social Security and, of course, they do not collect from it. You see, Social Security benefits were not suitable for persons of their elevation in society. They felt they should have a special plan for themselves. So, many years ago they voted in their own benefit plan. In more recent years, no congressperson has felt the need to change it.After all, it is a great plan.

For all practical purposes their plan works like this: When they retire, they continue to draw the same pay until they die. Except it may increase from time to time for cost of living adjustments...

For example, Senator Byrd and Congressman White, and their wives, may expect to draw $7,800,000.00 (that's Seven Million, Eight-Hundred Thousand Dollars), with their wives drawing $275, 000.00 during the last years of their lives.This is calculated on an average life span for each of those two Dignitaries.Younger Dignitaries, who retire at an early age, will receive much more during the rest of their lives.

Their cost for this excellent plan is $0.00. NADA..! ZILCH...

This little perk they voted for themselves is free to them. You and I pick up the tab for this plan. The funds for this fine retirement plan come directly from the General Funds; "OUR TAX DOLLARS AT WORK". From our own Social Security Plan, which you and I pay (or have paid) into, every payday until we retire (which amount is matched by our employer). We can expect to get an average of $1,000 per month after retirement. Or, in other words, we would have to collect our average of $1,000 monthly benefits for 68 years and one (1) month to equal Senator Bill Bradley's benefits!

Social Security could be very good if only one small change were made.

That change would be to:

Jerk the Golden Fleece Retirement Plan from under the Senators and Congressmen.
Put them into the Social Security plan with the rest of us
Then sit back.....
And see how fast they would fix it.


Phil f said...

Very enlightening post about congressional perks. I never knew they were that lucrative. I had heard of retired congressman drawing their pension, but had no idea it was the same as their salary! Thanks for the post. If you have the time for something perhaps less fact-based and more rant based, plz checkout my blog,

Terry Knapp said...

See or Congess' actual ordinary retirement benefits. The email ranting about their retirement is a popular hoax: they have the same retirement plans as other gov't employess, decent but not as good as many companies.

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