Yes there is.
It's called TPS. Thrift Savings Program.
It is a personal retirement account.
look at the following web site for more information about working for the government
2006-10-02 19:21:33
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answer #1
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answered by Crzypvt 4
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Why do you think those politicians want the vote? When they are elected it insures they have a stable retirement
Perhaps we are asking the wrong questions during election years.
Our Senators and Congresswomen do not pay into Social Security and, of
course, they do not collect from it.
You see, Social Security benefits were not suitable for persons of their
rare elevation in society.
They felt they should have a special plan for themselves. So, 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, Senator Byrd and Congressman White and their wives may expect
to draw $7,800,000.00 (that's Seven Million, Eight-Hundred Thousand
Dollars), with their wives drawing $275,000.00 during the last years of
their lives.
This is calculated on an average life span for each of those two
Dignitaries.
Younger Dignitaries who retire at an early age, will receive much more
during the rest of their lives.
Their cost for this excellent plan is $0.00. NADA....ZILCH....ZIP
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 of $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 (1) month to equal Senator! Bill Bradley's
benefits!
Social Security could be very good if only one small change were made.
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
then sit back.....
and see how fast they would fix it.
2006-10-03 02:29:39
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answer #2
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answered by Jo 6
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They do not have a retirement benefit.
That can not be compared with Social Security.
They only have a Lifetime financial plain for themselves
They manipulate it out of the public revenue so as to
take as much as possible before the die and the rest.
go to their spouse.
You can try as you mite you can not compare the two.
2006-10-04 02:45:47
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answer #3
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answered by aiddogs5 4
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