Our Senators and Congress men &
women 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 congressperson 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, former 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.
Their cost for this excellent plan is $00.00.
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 $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.
Traders rule.. SocialSecurity? forgerabouit
women 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 congressperson 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, former 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.
Their cost for this excellent plan is $00.00.
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 $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.
Traders rule.. SocialSecurity? forgerabouit