Social Security vs. Federal Congressional Retirement Plans
SOCIAL SECURITY DELUX PLAN:
Social Security (This is worth the read; it's short
and to the point!). Perhaps we are asking the wrong
questions in this 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 Bradley 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.
Retirement plan funds come directly from the General
Funds. Our tax dollars at work!
Social Security, which you and I pay into every
payday
for our own retirement, with an equal amount matched
by our employer, we can expect to get an average of
$1,000.00 per month. Or, 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, maybe a seed will be
planted, and maybe good changes will evolve.