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Reply #21: In case your are wondering here is what they get: [View All]

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mod mom Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-27-11 07:21 PM
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21. In case your are wondering here is what they get:
Senate Leadership
Majority Party Leader - $193,400
Minority Party Leader - $193,400

House Leadership
Speaker of the House - $223,500
Majority Leader - $193,400
Minority Leader - $193,400

A cost-of-living-adjustment (COLA) increase takes effect annually unless Congress votes to not accept it.

Benefits Paid to Members of Congress

You may have read that Members of Congress do not pay into Social Security. Well, that's a myth.

Prior to 1984, neither Members of Congress nor any other federal civil service employee paid Social Security taxes. Of course, they were also not eligible to receive Social Security benefits. Members of Congress and other federal employees were instead covered by a separate pension plan called the Civil Service Retirement System (CSRS). The 1983 amendments to the Social Security Act required federal employees first hired after 1983 to participate in Social Security. These amendments also required all Members of Congress to participate in Social Security as of January 1, 1984, regardless of when they first entered Congress. Because the CSRS was not designed to coordinate with Social Security, Congress directed the development of a new retirement plan for federal workers. The result was the Federal Employees' Retirement System Act of 1986.

Members of Congress receive retirement and health benefits under the same plans available to other federal employees. They become vested after five years of full participation.




http://usgovinfo.about.com/od/uscongress/a/congresspay....
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  -So has congress made cuts to THEIR pensions & benefits to share in deficit reduction? mod mom  Jul-27-11 05:02 PM   #0 
  - ...  Autumn   Jul-27-11 05:04 PM   #1 
  - Let me add:  hobbit709   Jul-27-11 05:05 PM   #3 
  - I actually think it might be nice if some reporter asked the Speaker on tape.  mod mom   Jul-27-11 05:07 PM   #7 
  - I have been wondering the same thing...not one peep from any  movonne   Jul-27-11 05:34 PM   #16 
  - Hilarious  Autumn   Jul-27-11 05:09 PM   #8 
  - Exactly my initial reaction, but then...  liberalmuse   Jul-27-11 05:25 PM   #13 
     - i don't think he can do that. don't they HAVE to get paid?  ejpoeta   Jul-27-11 05:57 PM   #18 
  - LOL  dana_b   Jul-27-11 05:04 PM   #2 
  - really! and shut down that entitlement gym too... and any other perks we pay for.  ejpoeta   Jul-27-11 05:06 PM   #4 
  - $174,000 is hard to survive on, listen to this poor guy:  mod mom   Jul-27-11 05:12 PM   #10 
     - i know. can you spare a brother a dime!! or a thousand dollar bill!!  ejpoeta   Jul-27-11 05:55 PM   #17 
  - Yeah, right ;)  TDale313   Jul-27-11 05:06 PM   #5 
  - K&R  MichiganVote   Jul-27-11 05:07 PM   #6 
  - Or atleast temporarily bring their salaries down to 2001 levels.  arcane1   Jul-27-11 05:10 PM   #9 
  - you so funny  spanone   Jul-27-11 05:13 PM   #11 
  - They get to start collecting their pension at age 55  Ruby the Liberal   Jul-27-11 05:16 PM   #12 
  - This shit needs to be confronted!  mod mom   Jul-27-11 05:27 PM   #14 
  - I know, right? I was pissed when I heard that  Ruby the Liberal   Jul-27-11 05:34 PM   #15 
  - Their pensions should track with social security ages - and they  kiranon   Jul-27-11 06:44 PM   #20 
  - This is just pure horseshing - yes they can retire at 55, but they won't get over $10 a month  ThomWV   Jul-27-11 08:18 PM   #22 
  - Yes, they did.  krispos42   Jul-27-11 06:01 PM   #19 
  - In case your are wondering here is what they get:  mod mom   Jul-27-11 07:21 PM   #21 
 

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