Re: Sen. John Ensign he will resign his Senate seat on "Good Friday" a bit ironic...
By: oldCADuser
in
FFFT
Fri, 22 Apr 11 9:34 PM
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Msg. 28484 of
65535
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There are no more 'special' pensions for members of congress (haven't been since 1985). They have to now pay into Social Security and Medicare like everyone else, however they do have the same opportunity as any other federal employee to join the equivalent of a 401k where they can make contributions and where a portion of it will be matched by the government. Now don't get me wrong, they probably have a greater opportunity to 'feather their nest' with gifts and honorarium than the average citizen, but that depends on their own abilities and creativity. However, stay a few extra months in Congress will gain a person very little long term, other then perhaps trying to set things up for someone else to be appointed/elected in his stead.
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