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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