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Politics : Discuss the candidates honestly. -- Ignore unavailable to you. Want to Upgrade?


To: tonto who wrote (180)6/17/2004 9:38:29 AM
From: Rainy_Day_Woman  Respond to of 4965
 
you're right

hoaxinfo.com

here it their program [still it is sweetened up]:

If you are a Member of Congress or a Congressional employee, with at least 5 years of Congressional service, your annuity will be:

1.7% of high-3 average pay times years of Congressional service up to 20 plus 1.0% of high-3 average pay times any other service.

A Special Retirement Supplement is payable from the Minimum Retirement Age to age 62. If you have earnings from wages or self-employment that exceed the Social Security annual exempt amount, your supplement will be reduced or stopped.
Cost-of-Living-Adjustment's (COLA's) are payable to Congressional retirees before age 62 only if they retire for disability.

Members of Congress and Congressional employees contribute an additional .5% of pay to the Federal Employees Retirement System (FERS).