[outofsalt]

Do this for social security as a pilot program first.
Or maybe the members of the executive and legislatures should give up their pensions first. They need only six years of service to qualify!

[beelzepug]

“Do this for social security as a pilot program first.”

Pound sand. Social Security is about all I’m going to have left. My employer did away with our pension plan some years back, opting to put matching funds, up to a point, into a 401K, which has taken a giant dump no less than three times in the last ten years. Swell!

SS is not an entitlement program, much as the congress and the press want people to think. I’ve paid into it from my very first paycheck fifty years ago. I could damn sure have done better on my own and at least it would be my money, not an IOU from the general fund.

[muawiyah]

They need only 5 years to become "vested" ~ not 6. It takes a Senator one term to achieve that, and a Representative 3 terms to achieve that (although they get double time ~ win one term for 2 years all you got is 4 years, so hire on as a janitor with DOD and you got 5 years).

That initial level pension is going to amount to the average of their highest 3 years salary while in the Senate or House TIMES 1% TIMES the number of years of service computed.

So, a 1 term Senator retires on a FULL PENSION of 12% of salary.

You do understand what that means, right? 12% ain't no thang!

Not for a lawyer or a doctor or a movie actor.