From: Julian Burke (julianb@esper.com)
Date: Wed Aug 07 2002 - 05:30:32 PDT
FW: Social Security
Subject: Fw: Social Security
SOCIAL SECURITY:
(This is worth the read. It's short and to the point.)
Perhaps we are asking the wrong questions during
election years. Our Senators and Congressmen do not
pay into Social Security and, of course, they do not
collect from it. Social Security benefits were not
suitable for persons of their rare elevation in
society.
They felt they should have a special plan for
themselves. Many years ago they voted in their own
benefit plan. In more recent years, no congressperson
has felt the need to change it. After all, it is a
great plan.
For all practical purposes their plan works like this:
When they retire, they continue to draw the same pay
until they die, except it may increase from time to
time for cost of living adjustments.
For example, former Senator Byrd and Congressman
White and their wives may expect to draw
$7,800,000.00 (that's Seven Million, Eight-Hundred
Thousand), with their wives drawing $275,000.00
during the last years of their lives. This is
calculated on an average life span for each.
Their cost for this excellent plan is $00.00. Nada.
Zilch. This little perk they voted for themselves is
free to them. You and I pick up the tab for this plan.
The funds for this fine retirement plan come directly
from the General Funds--our tax dollars at work!
>From our own Social Security Plan, which you and I
pay (or have paid) into--every payday until we retire
(which amount is matched by our employer)--we can
expect to get an average $1,000 per month after
retirement. Or, in other words, we would have to
collect our average of $1,000. monthly benefits for
68 years and one (l) month to equal Bradley's
benefits!
Social Security could be very good if only one small
change were made. And that change would be to jerk
the Golden Fleece Retirement Plan from under the
Senators and Congressmen. Put them into the Social
Security plan with the rest of us and then watch how
fast they would fix it.
If enough people receive this, maybe a seed of
awareness will be planted and maybe good changes will
evolve.
How many people can YOU send this to?
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