Social Security scam....

Just came across this bit of info, and not sure exactly which forum to post it. But, it sure sounded a bit like ATS stuff to me:,


Keep this Going!
GET A BILL STARTED TO PLACE ALL POLITICIANS ON SOCIAL SECURITY.
2004 Election Issue!! This must be an issue in "2004". Please!

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 congress person 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;

"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?

Keep this going clear up thru the 2004 election!! We need to be heard themselves...



Anyone heard anything about this before?
If not some sort of conspiracy, then it sure is one Hell of a little racket they got going for themselves..... Here is a link to where I came across this info... www.hypnosisworld.com...

[edit on 26-9-2004 by thethrall_nb]

TruthorFiction.com

Congressional pensions are controversial and many believe they should be reformed, but this email has several inaccuracies. First, it is not true that members of congress don't pay into Social Security. It's been required of them since 1983, according to Andrew G. Biggs, Social Security Analyst for the Cato Institute in Washington, D.C.. Additionally, Biggs says Congress does have its own retirement plan which does pay a generous pension to retired members of congress plus they are eligible for the Thrift Savings Plan (TSP), a 401k-type investment program available to all federal employees. Depending on a person's length of service, it is possible to retire with annual income that is equivalent to a Congressional salary, but no member of Congress automatically retires with his or her salary being paid as pension. TruthOrFiction.com was unable to find the source for the alleged Bill Bradley retirement calculations.

Snopes also has a piece on this: snopes

I do however agree that their pension plan (which I will try to find) is ridiculously high. Seems like it was 85% of their high three congressional salary.

Cool.. great info Bleys... Like i said, i didn't write , i just came across it and was curious how much of it was true... it was the first i had heard of it...

It's just like most things on the net - there is a kernal of truth. But like I said I'm disgusted with the amount of retirement they are eligible for without taking into account SSA payouts. Most of these people are very wealthy and the pension is irrelevant to them, but they still take it.

�As of October 1, 2000, 409 retired Members of Congress were receiving federal pensions based fully or in part on their congressional service. Of this number, 356 had retired under CSRS and were receiving an average annual pension of $52,464. Fifty-three Members had retired either with service under both CSRS and FERS or with service under FERS only. Their average annual pension was $46,932 in 2000.�

An example was given for a Rep. or Senator retiring after Dec., 2002, with 26 years of service (7 under CSRS, 19 under FERS). With an ending �high-3� salary of $138,233, their annual pension would be $72,442 per year.

The difference between the numbers depends on what retirement system they were under. I found this info. here







[edit on 9/26/04 by Bleys]

It's not the retirement that gets me... it's thier entire salary program altogether. Just the fact that they're even allowed to just vote themselves raises as they see fit just really pisses me off....I mean they are public servants, correct? If this is so, then why isn't the public " Us" the ones deciding wether or not they deserve more money...

Originally posted by thethrall_nb

How many people can YOU send this to?

Generally speaking, if you see anything like the above statement in an email/on a website.....
it's an urban legend, or otherwise false.

Just something handy to remember in the future.