social security.. is this true?

NeoSolo

Senior member
Feb 20, 2000
638
0
0
I am not sure if this is true or not, but I got this from a friend.

Will try to look into this, but someone else might already know if this true or not.


> IT DOESN'T MATTER IF YOU ARE REPUBLICAN OR DEMOCRAT!
>
>
>
>
> KEEP IT GOING!!!!
>
>
>
> 2008 Election Issue!!
>
> GET A BILL STARTED TO PLACE ALL POLITICIANS ON SOC. SEC.
>
>
> This must be an issue in "2008" Please! Keep it going.
>
> ----------------------------------
>
> SOCIAL SECURITY:
>
> (This is worth reading. It is short and to the point.)
>
> Perhaps we are asking the wrong questions during election years.
>
> 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, 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;
>
> "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 of $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.
>
> If enough people receive this, maybe a seed of awareness will be planted
> and maybe good changes will evolve.
>
>
>
> How many people can YOU send this to?
>
>
> Better yet.....
>
>
> How many people WILL you send this to?
>
>
>
 

Engineer

Elite Member
Oct 9, 1999
39,234
701
126
Yes. House and Senate do NOT pay into SS. There are others (railroad workers IIRC) that don't pay into SS either (opted out).
 

CADsortaGUY

Lifer
Oct 19, 2001
25,162
1
76
www.ShawCAD.com
Originally posted by: Engineer
Yes. House and Senate do NOT pay into SS. There are others (railroad workers IIRC) that don't pay into SS either (opted out).

Actually this isn't exactly true. They(politicians) pay it, but they also get some sort of pension credit or something goofy like that for their trouble.

ah, found the link

CsG
 

Starbuck1975

Lifer
Jan 6, 2005
14,698
1,909
126
I could be incorrect on this point, but I believe our elected representatives, in addition to routinely voting for generous pay raises for themselves, have negotiated their own retirement plan and fund that is better then anything available to the rest of us, either through the government or corporate benefits...I have heard others mentioned that most Americans would benefit greatly if we enjoyed the retirement fund that Congress created for themselves...I am not sure however if our elected representatives also pay into SS.
 

Genx87

Lifer
Apr 8, 2002
41,095
513
126
I dont believe they pay taxes on their income either.
Yes it is screwed up and yes it should be changed IMO.

I have heard others mentioned that most Americans would benefit greatly if we enjoyed the retirement fund that Congress created for themselves

Actually I have heard all federal and state employees have the option for this. The story I heard is a fireman from NYC who is retiring after 30 years on the force with nearly 6 million dollars in his account.

Why the hell cant the avg joe be allowed to work with something like this?
 

alent1234

Diamond Member
Dec 15, 2002
3,915
0
0
Originally posted by: daniel1113
There are many incentives for public service. Try it sometime.



i spent 8 years in the army and never heard of this. federal employees have a 401k type plan they can contribute to with pre-tax money that is in addition to their federal retirement benefits and SS benefits. I've never heard of federal workers having the option to not contribute to SS either.
 

PatboyX

Diamond Member
Aug 10, 2001
7,024
0
0
Originally posted by: CADsortaGUY
Originally posted by: Engineer
Yes. House and Senate do NOT pay into SS. There are others (railroad workers IIRC) that don't pay into SS either (opted out).

Actually this isn't exactly true. They(politicians) pay it, but they also get some sort of pension credit or something goofy like that for their trouble.

ah, found the link

CsG

yeah...but its a pretty intense pension credit/goofy system.
 
sale-70-410-exam    | Exam-200-125-pdf    | we-sale-70-410-exam    | hot-sale-70-410-exam    | Latest-exam-700-603-Dumps    | Dumps-98-363-exams-date    | Certs-200-125-date    | Dumps-300-075-exams-date    | hot-sale-book-C8010-726-book    | Hot-Sale-200-310-Exam    | Exam-Description-200-310-dumps?    | hot-sale-book-200-125-book    | Latest-Updated-300-209-Exam    | Dumps-210-260-exams-date    | Download-200-125-Exam-PDF    | Exam-Description-300-101-dumps    | Certs-300-101-date    | Hot-Sale-300-075-Exam    | Latest-exam-200-125-Dumps    | Exam-Description-200-125-dumps    | Latest-Updated-300-075-Exam    | hot-sale-book-210-260-book    | Dumps-200-901-exams-date    | Certs-200-901-date    | Latest-exam-1Z0-062-Dumps    | Hot-Sale-1Z0-062-Exam    | Certs-CSSLP-date    | 100%-Pass-70-383-Exams    | Latest-JN0-360-real-exam-questions    | 100%-Pass-4A0-100-Real-Exam-Questions    | Dumps-300-135-exams-date    | Passed-200-105-Tech-Exams    | Latest-Updated-200-310-Exam    | Download-300-070-Exam-PDF    | Hot-Sale-JN0-360-Exam    | 100%-Pass-JN0-360-Exams    | 100%-Pass-JN0-360-Real-Exam-Questions    | Dumps-JN0-360-exams-date    | Exam-Description-1Z0-876-dumps    | Latest-exam-1Z0-876-Dumps    | Dumps-HPE0-Y53-exams-date    | 2017-Latest-HPE0-Y53-Exam    | 100%-Pass-HPE0-Y53-Real-Exam-Questions    | Pass-4A0-100-Exam    | Latest-4A0-100-Questions    | Dumps-98-365-exams-date    | 2017-Latest-98-365-Exam    | 100%-Pass-VCS-254-Exams    | 2017-Latest-VCS-273-Exam    | Dumps-200-355-exams-date    | 2017-Latest-300-320-Exam    | Pass-300-101-Exam    | 100%-Pass-300-115-Exams    |
http://www.portvapes.co.uk/    | http://www.portvapes.co.uk/    |