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To: Logic n' Reason

If we abolish the congressional pension then we will get those hangers-on out of there.

If there is no pension, people will not be able to afford to stay more than a few terms.

Sounds like a plan to me.


90 posted on 05/19/2010 6:48:28 AM PDT by Vermont Lt (This nation, of the people, by the people, and for the people has perished from the land.)
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To: Vermont Lt
If we abolish the congressional pension then we will get those hangers-on out of there.

Hmmmmm.....I'm not sure that all congressional pensions should be "abolished"....

Let's see....change it so that no congressional member qualifies for a pension until they've served a minimum of 7 years. Pension amount is set thus:
0-6 years = 0%
7 - 13 years = 20% of beginning salary
14 - 19 years = 50% of beginning salary
20+ years = 65% of beginning salary
"Cost of Living" adjustments after retirement tied to actual unemployment rate, consumer price index, and inflation rate; it can never exceed 1.5% for any given year, and it can go down based on the indices cited.
Cannot begin to draw retirement until age 66.5 or the age congress sets for maximum social security benefits.

How's that??

91 posted on 05/19/2010 7:21:06 AM PDT by Logic n' Reason (Life's much happier when you know whether you're the pin or the cushion.)
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To: Vermont Lt

Two words:

Term limits


97 posted on 05/19/2010 7:35:18 AM PDT by fatnotlazy
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