Hi,Anyone out there know if this is true?JuliusSubject: Pay for your retiementOur Senators and Congressmen do not pay into Social Security, and, ofcourse, therefore they do not collect from it. Social Security benefits werenot suitable for persons of their rare elevation in society. They felt they should have a special plan for themselves. Manyyears ago they voted in their benefit plan. In more recent years, nocongress person has felt the need to change it. After all, it is a greatplan. For all practical purposes their plan works like this. When they retire, they continue to draw their same pay until they die,except it may be increased from time to time by the cost of livingadjustments. For example, former Senator Bradley, and his wife, may be expected to draw $7,900,000.00, with Mrs. Bradley drawing $275,000.00during the last year of her life. This is calculated on an average life spanfor each. Their cost for this excellent plan is $ "0," nada, zilch. This little perk they voted in for themselves is free to them. You and I pick up the tab for this plan. This fine retirement plan funds come directly from the General Funds. Our tax dollars at work! Social Security, which you and Ipay into every payday for our own retirement, with an equal amount matchedby our employer, we can expect to get an average of $1,000.00 per month fromour Social Security plan. Or, we would have to collect our benefits for 681years and 1 month to equal the Bradley's benefits. Imagine for a moment that you could structure a retirement plan so desirable that people would have extra amounts deductedfrom their pay to enhance their own personal retirement income. A retirementplan that worked so well, that Railroad Employees, Postal Workers, and others whowere not in the plan would clamor to be included. This is how good Social Security could be, if only one small change were made. That change would be to jerk the Golden FleeceRetirement Plan out from under the Senators and Congressmen. Put them intothe Social Security plan with the rest of us. Then watch how fast they wouldfix it!!! If you liked this send it to everyone you know.
I can't confirm all to be true but I do know that your (and my) elected officials in Washington do not pay into nor collect ss.HaGD, L2J
L2J informs,I can't confirm all to be true but I do know that your (and my) elected officials in Washington do not pay into nor collect ss.I'm afraid that's not true. Congress has been paying into Social Security since 1984."Federal civilian employees, including members of Congress, were covered by Social Security by P.L. [Public Law] 98-21 in 1984. "intercst
Congress will always make sure its own are well cared for. Short-sighted, quick-fix, emotionally based, longshot articles like the one you posted only serve to get people riled up and make them think they're accomplishing something.Folks who go to Congress don't do it for the money. They do it for the power. The money is just gravy.
I have seen this posting before. People usually get riled up when they see it. I am not sure how true it is, though.
Thanks John, thats what I get for passing on third hand information without verifying the background or source.HaGD, LC
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