You said people did not do anything to earn social security. and i do not believe your facts! That’s a crock! But the still-circulating email contains another claim that several readers have asked about in recent days: that members of Congress can "retire with the same pay after only one term." If we don’t think an individual is doing his job we should fire them otherwise they deserve fair total compensation. “By law, the starting amount of a Member’s retirement annuity may not exceed 80% of his or her final salary,” the report states. Food, Travel and Tech ; Books and Culture ... members of Congress would pay the same percentage of their costs that they currently do. Here is the upshot of the link. Congressional Research Service, "Retirement Benefits for Members of Congress," Nov. 30, 2012 Pagkakaiba ng pagsulat ng ulat at sulating pananaliksik? It’s no different than you buying a savings bond. Members of the US Senate do not get paid for life. The amount is … As long as we allow politicians to make a career of being in Congress they deserve a pension as much as any other worker. According to Biggs, in regards to military retirement benefits, it is true that those who serve 20 years in the military get a pension equal to 50 percent of their base salary. Ano ang Imahinasyong guhit na naghahati sa daigdig sa magkaibang araw? If you are 13 years old when were you born? Since 2009, base pay for Representatives and Senators has been $174,000 each year. They do not get their pay for life. Federal law prevents members of Congress from getting full-pay retirement when they leave office. There are some who have made a career of the process and will leverage that career into big dollars, but that voters who allow that to happen carry the blame. Sure some could earn more in the private sector if they were a hotshot lawyer, but they love the power.

A total of 123 Members had retired with service under both CSRS and FERS or with service under FERS only. Members are paid a salary only during the terms for which they are elected. how about, they don maintain 2 homes. !http://www.senate.gov/reference/common/faq/retirement_for_members.shtml While there are several wealthy members of Congress, that is not the norm. There are some who have made a career of the process and will leverage that career into big dollars, but that voters who allow that to happen carry the blame. 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 from the house.gov site - it applies to both houses of Congress. What is the hink-pink for blue green moray? They look at themselves as royalty. That is after many years in Congress and was earned by the individual. If not, please do not email me. PolitiFact, "Email message says members of Congress get a full pension for serving just one term," May 29, 2011 The key provision: no member of Congress is eligible for any pension unless he or she has served in Congress for at least five years. In fact, the retirement benefits received by former Presidents include a pension, Secret Service protection (for ten years), and reimbursements for staff, travel, mail, and office expenses. Of this number, 290 had retired under CSRS and were receiving an average annual pension of $60,972. Members pay the same Medicare tax as everyone else and enroll under the same rules as we all do with the Federal Employee Plan as supplemental. Since 2010 Congress has annually voted not to accept the increase, keeping it at the same nominal amount since 2009. Federal law prevents members of Congress from getting full-pay retirement when they leave office. Senators and representatives make a good living and have very generous retirement benefits. Says abortion increases the risk of breast cancer. Under the most recent pension program, adopted in 1984, the size of a pension is based on the highest three years of a member's salary, the number of years of service and a multiplier, which is 1.7 percent for the first 20 years of service and 1.0 percent for subsequent years. 1100 Connecticut Ave. NW

Their pension does have a COLA. If it were a bad deal, believe me, they wouldn’t be doing it. 20036, Florida But, then again, Congresspersons probably have multiple streams of retirement income, not just the FERS annuity. Given the expense associated with being in Congress, like living in Washington, maintaining two homes, commuting and more you need to be wealthy to afford it. Congressmen and congressional staff get nearly the same pensions as other federal employees, Biggs said. ", "Just about everyone everywhere is spending more hours on the job, less time with their families, bringing home smaller and smaller paychecks, while they're paying more and more at the gas pump and the grocery stores. 98-21) that required all federal employees first hired after 1983 to participate in Social Security.

Please elaborate on all the ‘perks’ the military receive.



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