Retirement & Your Social Security
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 member 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 cost-of-living adjustments. For example, former Senator Bill Bradley (New Jersey) 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 $0.00, nada, zilch. This little perk they voted for themselves is entirely free to them. The average taxpaying citizen picks-up the tab for this plan! 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 oun employer, we can expect to get an average of $1,000.00 per month. Otherwise, we would have to collect our benefits for 68 years and one month to equal the Bradley’s benefits. Imagine for a moment that you could structure a retirement plan so desireable, a 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 same Social Security plan with the rest of us. Watch how fast they fix it!!!
If enough taxpayers read this, maybe a seed will be planted and maybe good changes will occur. Don’t forget our girl, Hillary Rodham Clinton. Thanks to the infinate wisdom of New York State voters, she now comes under this congressional retirement plan. Talking about the Clinton's, it’s common knowledge that in order for her to establish N.Y. state residency, they purchased a million dollar plus house in upscale Chappaqua, NY. Makes sense.
Now, they are entitled to Secret Service protection for life. Still makes sense. Here is where things get interesting: A residence had to be built in order to house the Secret Service agents. The Clinton’s now charge the Secret Service rent for the use of said residence and the rent is just about equal to their mortgage payment. This means that we, the taxpayers, are paying the Clinton’s mortgage and it’s all perfectly legal. How many taxpayers can you send this to??!!