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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: KLP who wrote (305596)	5/18/2009 8:52:21 AM
From: DMaA	1 Recommendation Read Replies (1) \| Respond to of 793797

Any change would have to grandfather in existing and near SS recipients. That shouldn't be an issue. I'm 55. My whole adult life people have advised me not to expect to receive SS. There is no excuse for people my age or younger not to have prepared for retirement without SS. I have always regarded the pay role tax as just another tax that I receive no benefit from.

To: KLP who wrote (305596)	5/18/2009 12:04:32 PM
From: ManyMoose	Read Replies (1) \| Respond to of 793797

Is it true that both House and Senators get full retirement after just one term? And full benefits? I'd like a job like that....! I don't know, but it sure explains a lot. What it doesn't explain is why one would run for re-election. There must be some other explanation for that. I don't think I want to know.

To: KLP who wrote (305596)	5/18/2009 3:39:40 PM
From: Neeka	Read Replies (1) \| Respond to of 793797

Under both CSRS and FERS, Members of Congress are eligible for a pension at age 62 if they have completed at least five years of service. Members 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% of his or her final salary.