
08-31-2009, 08:53 PM
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bye bye
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Join Date: Mar 2009
Location: Northeast / Bells Corner
Posts: 1,083
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Quote:
Originally Posted by Juan
Congress will definitely have their choice to not be on the peoples plan. (They also do not participate in social security - they have their own deal there too. If they didn't, they may have an incentive to fix it, but that's another story)
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Quote:
Myth: Members of Congress don’t pay into the Social Security system.
Facts: Members of Congress—and all other federal employees, from the president on down—have been required since Jan. 1, 1984, to pay into Social Security. Before that, they were covered by the Civil Service Retirement System, a separate pension plan that predated Social Security by 15 years and was frequently criticized as being overly generous to beneficiaries.
Nevertheless, the myth that Capitol Hill lawmakers are a privileged class when it comes to Social Security just won’t go away. It’s “an example of how persistently rumors can reappear in the Internet age, when people are endlessly forwarding e-mails on to others,” says Andrew Biggs, a former official of the Social Security Administration who’s now a resident scholar at the American Enterprise Institute. “The growth of the rumor is almost geometric, so it reappears as quickly as it can be rebutted.”
The Social Security Administration addresses the myth on the “Frequently Asked Questions” page of its website. The nonpartisan Congressional Research Service also recently dealt with the issue in great depth in a report on retirement benefits for members of Congress.
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