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Author: joycets Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 19369  
Subject: Social Security Date: 7/11/2001 11:25 AM
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-- Original Message -----
From: Don Ardonnis
Sent: Monday, July 09, 2001 1:22 PM
Subject: Social Security??

Social Security??


Perhaps we were asking the wrong questions in this
past election year. Our Senators/Congressmen do
not pay into Social Security, and, therefore they
do not collect from it. Social Security benefits
were not suitable for them.

They felt they should have a special plan. Many
years ago they voted in their benefit plan. In more
recent years, no congress person 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 no matter how long they have been in
office, they continue to draw their same pay until they
die, except it may be increased from time to time by the
cost-of-living adjustments. For example, former Senator
Bill Bradley (New Jersey) and his wife may be expected
to draw $7,900,000.00 over an average life span, with
Mrs. Bradley drawing $275,000.00 during the last year
of her life. 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. Our tax dollars
at work! From Social Security, which you and I pay into
every payday for our own retirement, with an equal amount paid in by
our employer, we can expect to receive an
average of $1,000 per month. We would have to collect
our benefits for 68 years and 1 month to equal the Bradley's
benefits.

Imagine for a moment that you could structure a retirement
plan so desirable, a retirement plan that worked so well,
that Railroad Employees, Postal Workers, and others who were not in
the plan would clamor to be included. This is how good Social Security could be, if only one small change was made.

That change would be to jerk the Golden Fleece Retirement
Plan out from under the Senators & Congressmen. Put them
into the Social Security plan with the rest of us. Watch
how fast they fix it!!!

If enough people receive this message maybe a seed will
be planted, and maybe good changes will evolve.
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