Economic Bailout

[DJD]

As we all deal with these corrupt companies and gubment. I would like to see the math on the retirement plans of Congress. Wonder if their plans are taking a hit?

[Grumpy]

DJD, since 1983 the retirement plan for Congress, the Senate, the President and all government employees is the same-- THE FEDERAL EMPLOYEES RETIREMENT SYSTEM, the main two parts of which are SOCIAL SECURITY and the THRIFT SAVINGS PLAN (a form of a 401K Plan with some matching funds). There is a hoax about the special Golden Retirement system for Congress, etc, but it is just that A HOAX and all of them DO CONTRIBUTE TO SOCIAL SECURITY. Granted, thier salaries are higher than most Government Employess but they don't have any special retirement plan. BTW, their private investments are, by law, all in Blind Trusts which they have no control over until after the leave government service.

Grumpy

[DJD]

Grumpy,
Thats exactly what I was driving at...been reading that email about their bennies for years!
Dang man if the truth starts coming out my image of the evil, self-serving darkside politicians might start to erode! Naw....unless another Reagan pops up I'll keep my opinion intact.