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Congressional pension plan I recently received an e-mail which went, in part, like this:
"Our Senators and Congressmen don't pay in to Social Security,
and, of course, they don't collect from it. The reason is that they
have a special retirement plan that they voted for themselves
many years ago. For all practical purposes, it works like this:
When they retire, they continue to draw their same pay, until they
die, except that it may be increased from time to time, by cost of
living adjustments."
This is an urban legend.
An example of the full e-mail can be found here.
This article is for the most part false. Non-inflammitory articles describing the actual established pension systems can be found at the Snopes and AFU and Urban Legends site by clicking on those links.
Although members of Congress do have generous pension fund financed by
taxes, members of Congress have paid Social Security deductions on their
salaries since 1984.
If you have a problem with the existing pension plans after you read these articles and do further research, please contact your Congressperson directly.
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