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"Social Security" (my foot!) I've seen this one make the rounds on the Internet...

AffectionateDan

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"Social Security" (my foot!) I've seen this one make the rounds on the Internet...

I've seen this before!!

Anyone think there is a snowball's chance in hell of anything coming out of this????? Really curious....What do you Think?

SOCIAL SECURITY


GET A BILL STARTED TO PLACE ALL POLITICIANS ON SOC. SEC.

2004 Election Issue!!

----------------------------------

SOCIAL SECURITY:

(This is worth reading. It is short and to the point.)

Perhaps we are asking the wrong questions during election years.

Our Senators and Congresswomen do not pay into Social Security and, of course, they do not collect from it.

You see, Social Security benefits were not suitable for persons of their rare elevation in society. They felt they should have a special plan for themselves. So, many years ago they voted in their own 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, they continue to draw the same pay until they die.

Except it may increase from time to time for cost of living adjustments.

For example, Senator Byrd and Congressman White and their wives may expect to draw $7,800,000.00 (that's Seven Million, Eight-Hundred Thousand Dollars), with their wives drawing $275,000.00 during the last years of their lives.

This is calculated on an average life span for each of those two Dignitaries.

Younger Dignitaries who retire at an early age, will receive much more during the rest of their lives.

Their cost for this excellent plan is $0.00. NADA...ZILCH....

This little perk they voted for themselves is free to them. You and I pick up the tab for this plan. The funds for this fine retirement plan come directly from the General Funds;

"OUR TAX DOLLARS AT WORK"!

From our own Social Security Plan, which you and I pay (or have paid) into, -every payday until we retire (which amount is matched by our employer)- we can expect to get an average of $1,000 per month after retirement.

Or, in other words, we would have to collect our average of $1,000 monthly benefits for 68 years and one (1) month to equal Senator Bill Bradley's benefits!

Social Security could be very good if only one small change were made.

That change would be to jerk the Golden Fleece Retirement Plan from under the Senators and Congressmen. Put them into the Social Security plan with the rest of us ... then sit back and watch how fast they would fix it.

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

If that's true, I'm moving to Canada... today... lol j/k

Seriously though, where did you get this stuff? It sounds familiar...
 
Comments: It's true that members of the U.S. Senate and House of Representatives enjoy a generous government pension plan — some say too generous — but this email rant offers very little else in the way of accuracy.

Under a law enacted in 1983, all members of Congress participate in the Social Security system, both contributing and receiving benefits. Upon retirement, members receive either a combination of federal pension and Social Security benefits or Social Security alone, depending on when their term of service started and how they configured their individual plan.

Members elected after 1983 pay into the Federal Employees Retirement System. Members elected before 1983 participate in the older Civil Service Retirement Program. In both cases, members of Congress contribute to the plans at a slightly higher rate than ordinary federal employees.

As of 2000, 409 retired members were receiving benefits under CSRS at an average rate of $52,464 per year and 53 had retired under FERS with $46,932 per year in average benefits. Members do not automatically received lifetime pensions. How much they receive and how long they receive it depends on many factors, including age, length of service (including military) and choice of plans, etc. So, while it's conceivable that some may receive pay-outs totalling more than a million dollars by the time they die, it would be the exception, not the rule.



Sources and further reading:

Capitol Questions: Congressional Pensions
From C-SPAN, Congressional pensions made simple
Retirement Benefits for Members of Congress
Congressional Research Service

Rep. Jim Kolbe Responds to Allegations About Congressional Pensions
Concise explanation from a participating member

Social Security Reform Center
Up-to-date information on reform proposals and legislation


Last updated: 01/11/04


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Aha, see, I KNEW...

...that if I posted this, some pigeon would fly over it and poop on it! Thanks for proving me right, Ray! 😛
 
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