[FoRK] occupy

Dr. Ernie Prabhakar drernie at radicalcentrism.org
Tue Aug 7 10:05:04 PDT 2012


We should let them have pensions, BUT have them forfeit their pension if they ever engage in any kind of lobbying...

On Aug 7, 2012, at 9:33 AM, Gary Stock wrote:

> On 8/7/12 12:18 PM, Gregory Alan Bolcer wrote:
>> Here's something that I might agree with the occupy movement about: end congressional pensions.
>> 
>> Greg
> 
> Make it so. I doubt even a few percent of taxpayers feel otherwise.
> 
> And yet... I'd bet most any money it will ~not~ happen.
> 
> http://factcheck.org/2007/12/congressional-pensions/
> 
> "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."
> 
> "According to the nonpartisan Congressional Research Service,
> as of October 1, 2006, there were 290 former members of
> Congress who had retired under the Civil Service Retirement
> System, the old system which had drawn much criticism for
> being too generous. They were receiving an average annual
> pension of $60,972."
> 
> "The pensions of the 143 former members who retired under
> the newer Federal Employees’ Retirement System (FERS)
> average even less. Their pensions averaged $35,952,
> according to the CRS."
> 
> Six years old -- but it still must total upwards of $25M per year.
> 
> GS
> 
> 
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