So that any who donít, may know.
Our Senators and Congressmen donít pay in to Social
Security, and, of course, they donít 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 year of her life. This is calculated on an average life span for
This would be well and good, except that they paid
nothing in on any kind of retirement, and neither does any other Senator
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 arenít 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.