Angry at Public Sector Pensions? How about Members of Congress?

[The Straight Story]

Angry at Public Sector Pensions? How about Members of Congress?

If Republicans and other critics of public employee retirement plans think such pensions are too generous and costly to taxpayers, they really should consider what members of Congress are enjoying.

An analysis by McClatchy Newspapers found that those serving in the House and Senate pay less into their pensions and enjoy a better match from taxpayers than most state employees do across the country.

Members of Congress also enjoy both a defined-benefit plan and a defined-contribution plan that are based on how many years a legislator has served. Only 30% of American workers have defined-benefits plans.

More than 40 lawmakers (13 senators and 31 representatives) have accrued annual pensions worth at least $50,000. Compare that to the average state or local government retiree 65 or older who receives a median annual amount of $8,016.

http://www.allgov.com/Where_is_the_Money_Going/ViewNews/Angry_at_Public_Sector_Pensions__How_about_Members_of_Congress_110317

[hobbit709]

1. If they want to cut "entitlements" they should lead by example.

[old mark]

2. K&R- I recall a local who was elected to the PA House..lasted one term, and got

a college degree out of it, a permanent bullshit no-show job, and yet another degree, and later a teaching position at a local college.(His dad was a big time local political boss.)

Pretty good for a guy who could not even get a recommendation from his hometown news paper...they stated that year that they could not recommend either of the 2 candidates running for the seat!

mark

[Scuba]

3. A newspaper with ethics! So few left. n/t

[old mark]

4. This was many years ago, and I am sure they have changed....

but he was a real dick, and did not deserve the seat at all...


mark