I wonder if anyone can confirm the following message I received recently -- primarily, is it true that our "representatives of the people" do not pay into social security (nor receive benefits) or a retirement plan and, upon retirement they continue to receive the same salary? Someone tell me this is not true before I have a coronary!> Our Senators and Congressmen don't pay in to Social> Security, and, of course, they don't collect from it.> > The reason is that they have a special retirement plan> that they voted for themselves many years ago. For all> practical purposes, it 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. While we who pay for it all, 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.
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