[Vision2020] Is someone lying?
Wayne Price
bear at moscow.com
Tue Oct 11 17:44:40 PDT 2011
Ron, Roger, and all....
PLEASE don't get the idea that I don't think their pay shouldn't be
cut, I do. I just want to base it on the real data.
Wayne
On Oct 11, 2011, at 5:38 PM, lfalen wrote:
> Thanks for the info.
> Roger
> -----Original message-----
> From: Ron Force rforce2003 at yahoo.com
> Date: Tue, 11 Oct 2011 14:38:58 -0700
> To: "vision2020 at moscow.com" vision2020 at moscow.com
> Subject: Re: [Vision2020] Is someone lying?
>
>> Thanks, Wayne. You beat me to it. This little ditty has been
>> running around the Tea Party blogs, and like most T.P. Info , it's
>> B.S.
>>
>> Info on federal pensions here:
>>
>> http://www.ipl.org/div/farq/pensionFARQ.html
>> The retirement benefits received by former Presidents include a
>> pension, Secret Service protection, and reimbursements for staff,
>> travel, mail,
>> and office expenses. The Presidential pension is not a fixed amount,
>> rather it matches the current salary of Cabinet members (or Executive
>> Level I personnel), which is $191,300/year as of March, 2008 (but see
>> "Salary Info" section above for advice on how to track increases in
>> this figure).
>>
>>
>> The following paragraph excerpted from the Congressional Research
>> Service PDF document called Retirement Benefits for Members of
>> Congress by Patrick J. Purcell [CRS Report RL30631] provides some
>> idea of how
>> much the pensions are for former Vice Presidents, Cabinet members,
>> members of Congress and other federal officials. It provides averages
>> for annual pensions given to retired members of Congress.
>> http://www.senate.gov/reference/resources/pdf/RL30631.pdf
>> "As of October 1, 2006, 413 retired Members of Congress were
>> receiving federal
>> pensions based fully or in part on their congressional service. Of
>> this number, 290
>> had retired under CSRS and were receiving an average annual pension
>> of $60,972.
>> A total of 123 Members had retired with service under both CSRS and
>> FERS or with
>> service under FERS only. Their average annual pension was $35,952
>> in 2006."
>> Tom, congresspersons, since 1984, pay into social security, and
>> have the same retirement benefits as other federal employees FERS
>> (which they pay into):
>>
>> http://www.answerbag.com/q_view/2586406?utm_source=popup&utm_medium=1
>> The Speaker does not continue to draw a larger salary after ceasing
>> to be in the role.
>>
>> Mdme. Pelosi, for example, took a cut in pay from $223,500 to
>> $193,400
>> when she became demoted to Minority Leader, which is still greater
>> than
>> the $174,000 for the rank and file.
>>
>> When and how much of a pension members receive is not an easy
>> one-sentence thing. They can retire anytime after 25 years service,
>> after 50 with 20 years service, after 62 with at least 5 years
>> service,
>> with pension stipend dependent on their 3 highest earning years not
>> to
>> exceed 80% of final salary.
>>
>> http://usgovinfo.about.com/od/uscongress/a/congresspay.htm
>>
>>
>> Read more: Is the Speaker of the House salary really $223,500 , for
>> LIFE ? Why is it more than the senate and pres., for LIFE ? |
>> Answerbag http://www.answerbag.com/q_view/2586406#ixzz1aVmVVwXy
>>
>>
>>
>> Ron Force
>> Moscow Idaho USA
>>
>>
>> ________________________________
>> From: Wayne Price <bear at moscowcom>
>> To: lfalen <lfalen at turbonet.com>
>> Cc: vision2020 at moscow.com
>> Sent: Tuesday, October 11, 2011 10:06 AM
>> Subject: [Vision2020] Is someone lying?
>>
>>
>>
>> Is it true that . . . Members of Congress do not pay into Social
>> Security and when they retire they receive a pension equal to their
>> congressional salary for the rest of their life?
>>
>> The answer is no. All members of Congress pay Social Security taxes
>> in the same amounts as they would if they were employed in the
>> private sector at the same salary level. The amount of a
>> congressional pension varies and depends on years of service, age
>> at the time of retirement, and salary.
>> The facts: The confusion about Social Security probably results
>> from the fact that before 1984, Senators and Representatives did
>> not participate in the Social Security program. Like all federal
>> government employees at that time, members of Congress were covered
>> by a pension plan, called the Civil Service Retirement System
>> (CSRS), that did not require payment of Social Security taxes and
>> did not provide Social Security benefits. In 1983, Congress passed
>> a law (P.L. 98-21) that required all federal employees first hired
>> after 1983 to participate in Social Security. The law also required
>> all members of Congress to participate in Social Security as of
>> January 1, 1984, regardless of when they first entered Congress.
>> Because the CSRS was not designed to coordinate with Social
>> Security, Congress directed the development of a new retirement
>> plan for federal employees, called the Federal Employees Retirement
>> System (FERS), which does coordinate a federal pension
>> with Social Security.
>> Members of Congress are eligible for a pension at age 62 if they
>> have completed at least five years of service. They are eligible
>> for a pension at age 50 if they have completed 20 years of service,
>> or at any age after completing 25 years of service. The amount of
>> the pension depends on years of service and the average of the
>> highest three years of salary. By law, the starting amount of a
>> member’s retirement annuity may not exceed 80 percent of his or her
>> final salary. As of October 1, 2000, the average annual pension for
>> members of Congress who have retired under CSRS is $52,464, and
>> $46,932 for retirees under FERS-only or both FERS/CSRS.
>>
>>
>>
>>
>>
>>
>> On Oct 11, 2011, at 9:47 AM, lfalen wrote:
>>
>>
>>> -----Original message-----
>>>
>>> From: "Tom and Claire" tandc at moscow.com
>>> Date: Mon, 10 Oct 2011 11:53:50 -0700
>>> To: "Anderson Kendrick" kenanderson5337 at gmail.com
>>> Subject: Fw: Fwd: Cut in Wages ??
>>>
>>>
>>> Subject: Cut in Wages ??
>>>
>>>
>>> Subject: FW: Ya Think?........... Wages
>>>
>>>
>>>
>>>
>>>
>>>
>>>
>>>
>>> You decide…
>>> Wages
>>>
>>> Salary of retired US
>>> Presidents ............$450,000 FOR LIFE
>>> Salary of House/Senate
>>> members .........$174,000 FOR LIFE
>>> Salary of Speaker of the
>>> House ............$223,500 FOR LIFE
>>> Salary of Majority/Minority
>>> Leaders ....$193,400 FOR LIFE
>>>
>>> Average salary of a soldier DEPLOYED
>>> IN AFGHANISTAN - $38,000
>>> Average income for seniors on SOCIAL
>>> SECURITY - $12,000
>>>
>>> I think we found where the cuts should
>>> be made!
>>>
>>>
>>>
>>>
>>>
>>>
>>>
>>> From: "Tom and Claire" <tandc at moscow.com>
>>>
>>> Date: October 10, 2011 11:53:50 AM PDT
>>>
>>> To: "Anderson Kendrick" <kenanderson5337 at gmail.com>
>>>
>>> Subject: Fw: Fwd: Cut in Wages ??
>>>
>>>
>>>
>>>
>>> Subject: Cut in Wages ??
>>>
>>> Subject: FW: Ya Think?........... Wages
>>>
>>>
>>>
>>>
>>>
>>>
>>>
>>>
>>>
>>>
>>>
>>>
>>>
>>> You decide…
>>> Wages
>>>>>>
>>>>>> Salary of retired US
>>>>>> Presidents ............$450,000
>>>>>> FOR LIFE
>>>>>> Salary of House/Senate
>>>>>> members ..........$174,000FOR LIFE
>>>>>> Salary of Speaker of the
>>>>>> House ............$223,500 FOR LIFE
>>>>>> Salary of Majority/Minority
>>>>>> Leaders .....
>>>>>> $193,400FOR LIFE
>>>>>>
>>>>>> Average salary of a soldier
>>>>>> DEPLOYED IN AFGHANISTAN - $38,000
>>>>>> Average income for seniors on
>>>>>> SOCIAL SECURITY -$12,000
>>>>>>
>>>>>> I think we found where the cuts
>>>>>> should be made!
>>>
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>
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