Re: Triplett Corporation info

On Wed, 16 May 2007 15:26:29 -0400, "Uncle Peter" <radioconnection@xxxxxxx>
wrote:

All of your senators have vested retirements (18,000 a month) after serving
one term. They have vested health care....

What country do you live in?

"Congress: Rank-and-File Members' Salary
The current salary (2006) for rank-and-file members of the House and Senate is
$165,200 per year....

Congress: Benefits

.....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.

Members elected since 1984 are covered by the Federal Employees' Retirement
System (FERS). Those elected prior to 1984 were covered by the Civil Service
Retirement System (CSRS). In 1984 all members were given the option of remaining
with CSRS or switching to FERS.

As it is for all other federal employees, congressional retirement is funded
through taxes and the participants' contributions. Members of Congress under
FERS contribute 1.3 percent of their salary into the FERS retirement plan and
pay 6.2 percent of their salary in Social Security taxes....

The amount of a Congressperson's pension depends on the years of service and the
average of the highest 3 years of his or her salary. By law, the starting amount
of a Member's retirement annuity may not exceed 80% of his or her final salary.

According to the Congressional Research Service, 413 retired Members of Congress
were receiving federal pensions based fully or in part on their congressional
service as of Oct. 1, 2006. Of this number, 290 had retired under CSRS and were
receiving an average annual pension of $60,972. A total of 123 Members had
retired with service under both CSRS and FERS or with service under FERS only.
Their average annual pension was $35,952 in 2006."

Got any more bullshit you'd like to share?

-- Larry
.

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