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Our Senators and Congressmen don't pay into 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
years 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. If
enough people receive this, maybe one or some of them along the way,
might be able to help.
How many can YOU send it to?
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Urban Legend Zeitgeist: Congressional Freeloaders: Example