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Hot Topic (More than 10 Replies) Proposed Legislation Will Do Away With Congressional Pensions (Read 2,136 times)
55
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Proposed Legislation Will Do Away With Congressional Pensions
02/03/15 at 13:01:21
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Rep. Ron DeSantis, (R) FL has proposed legislation that would deny pensions to any member of congress not yet vested in the plan and all future members of congress:

“The Founding Fathers envisioned elected officials as part of a servant class, yet Washington has evolved into a ruling class culture,” says Mr. DeSantis. “Pensions for members of Congress represent an inappropriate use of taxpayer money, especially when the idea of a pension in the private sector is fast becoming a relic from a bygone era.”

Lawmakers are eligible for a pension upon reaching 62 if they have at least 5 years of service, at age fifty with 20 years of service or at any age with 25 years of service.  The average pension for the over 600 congressional retirees currently collecting a pension is $42,048 to $$71,664 a year, depending on their pension plan and time of service.

Co-sponsors of the bill include: Reps. Rod Blum of Iowa, Trey Gowdy and Mick Mulvaney of South Carolina, Thomas Massie of Kentucky and Reid Ribble of Wisconsin.


http://www.dcclothesline.com/2015/02/03/proposed-legislation-will-away-congressi...
  
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the outlaw mortarman
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Re: Proposed Legislation Will Do Away With Congressional Pensions
Reply #1 - 02/03/15 at 13:24:11
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Butt some of these critters who are going to be drawing these pensions are career politicians. They spent their whole lives in gubmint jobs so they wouldn't have to work for a living. How will they survive on Social Security when they get out. 'specially since they were the ones who gutted it in the first place.

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55
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Re: Proposed Legislation Will Do Away With Congressional Pensions
Reply #2 - 02/03/15 at 13:31:19
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the outlaw mortarman wrote on 02/03/15 at 13:24:11:
Butt some of these critters who are going to be drawing these pensions are career politicians. They spent their whole lives in gubmint jobs so they wouldn't have to work for a living. How will they survive on Social Security when they get out. 'specially since they were the ones who gutted it in the first place.



Smiley




Just like the rest of us.  Wink
  
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andy144
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Re: Proposed Legislation Will Do Away With Congressional Pensions
Reply #3 - 02/03/15 at 13:56:22
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Has zero chance of passing. People go into politics for money and influence. The professional politicians are not going to give up either.
  

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Re: Proposed Legislation Will Do Away With Congressional Pensions
Reply #4 - 02/03/15 at 15:18:46
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I don't think they should be paid at all, never mind the pensions and the healthcare and all that good stuff. They do so much insider trading that none of them needs a salary or a pension. Although that needs to go too. On average, the House works less than 28 hours a week. That's a part-time job where I come from. You don't get healthcare and pensions when you work part-time.
  
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Lily003
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Re: Proposed Legislation Will Do Away With Congressional Pensions
Reply #5 - 02/03/15 at 15:48:55
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Gabriele wrote on 02/03/15 at 15:18:46:
I don't think they should be paid at all, never mind the pensions and the healthcare and all that good stuff. They do so much insider trading that none of them needs a salary or a pension. Although that needs to go too. On average, the House works less than 28 hours a week. That's a part-time job where I come from. You don't get healthcare and pensions when you work part-time.


They would say they WORK in their district when they are "home."

Lily003    Huh
  
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Lily003
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Re: Proposed Legislation Will Do Away With Congressional Pensions
Reply #6 - 02/03/15 at 15:51:45
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Quote:
Rep. Ron DeSantis, (R) FL has proposed legislation that would deny pensions to any member of congress not yet vested in the plan and all future members of congress:

“The Founding Fathers envisioned elected officials as part of a servant class, yet Washington has evolved into a ruling class culture,” says Mr. DeSantis. “Pensions for members of Congress represent an inappropriate use of taxpayer money, especially when the idea of a pension in the private sector is fast becoming a relic from a bygone era.”

Lawmakers are eligible for a pension upon reaching 62 if they have at least 5 years of service, at age fifty with 20 years of service or at any age with 25 years of service.  The average pension for the over 600 congressional retirees currently collecting a pension is $42,048 to $$71,664 a year, depending on their pension plan and time of service.

Co-sponsors of the bill include: Reps. Rod Blum of Iowa, Trey Gowdy and Mick Mulvaney of South Carolina, Thomas Massie of Kentucky and Reid Ribble of Wisconsin.


http://www.dcclothesline.com/2015/02/03/proposed-legislation-will-away-congressi...



How about a provision revoking pensions for those CONVICTED of wrong doing related to their "service?"

Since I am in Illinois, I am thinking of former Rep. Jesse Jackson Jr., currently IN PRISON for stealing from campaign funds.  His wife is set to go to prison after Jesse so someone is around "for the children."  Wonder how many other partners in crime would get this consideration.

Lily003    Shocked
  
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1goofball
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Re: Proposed Legislation Will Do Away With Congressional Pensions
Reply #7 - 02/04/15 at 03:40:06
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andy144 wrote on 02/03/15 at 13:56:22:
Has zero chance of passing. People go into politics for money and influence. The professional politicians are not going to give up either.



ZERO
  

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FellowPatriot
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Re: Proposed Legislation Will Do Away With Congressional Pensions
Reply #8 - 02/04/15 at 04:04:46
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This kind of stuff reminds me of the 'Term limit' movement.
Remember that one?   It will be a cold day in HE>> when that happens.

Unless, reform starts outside of Gov because obviously, they can't do it themselves.
  
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TrentDBU
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Re: Proposed Legislation Will Do Away With Congressional Pensions
Reply #9 - 02/04/15 at 04:24:10
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Even if every single one of them was drawing maximum pension, it would be 42 million dollars. 

It sounds great.

I'd love it if we could maybe do something that's actually substantial instead.   

This is just one of those things that looks great on the campaign.
  
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