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.
> 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.
> "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.
> FoRK mailing list
More information about the FoRK