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Posted: 3/29/2009 3:23:15 PM EST
Just a thought. Congress has stolen the $ out of the Social Security fund. I know they have their own retirement fund but do they contribute to SS?
Link Posted: 3/29/2009 3:24:06 PM EST
[Last Edit: 3/29/2009 3:24:54 PM EST by ABNAK]
I don't think they do.

ETA––- like teachers, if you have your own fund I don't believe you have SS taken out. Maybe I'm wrong....
Link Posted: 3/29/2009 3:26:34 PM EST
from snopes.com

Our Senators and Congresswomen 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 of those two Dignitaries. Younger Dignitaries who retire at an early age, will receive much more during the rest of their lives. Their cost for this excellent plan is $0.00. 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
Link Posted: 3/29/2009 3:28:14 PM EST
No they don't contribute to SS. In fact they get 100% of their salary after completion of one term. In other words they think they are intitled to that because they served.
Dirt balls need to be shown the door before a term is up. Can't say what I really think but it involves tar and feathers. Got to stay within COC.
Link Posted: 3/29/2009 3:33:29 PM EST
I wonder if AIG manages those plans?
Link Posted: 3/29/2009 3:38:18 PM EST
Originally Posted By zeekh:
Just a thought. Congress has stolen the $ out of the Social Security fund. I know they have their own retirement fund but do they contribute to SS?




Ha, ha, No way they contribute.

SS is a failing panzi sceme for the peasants.........................

Link Posted: 3/29/2009 3:48:18 PM EST
Yes, since 1984.
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