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To: mandaladon
They took advantage of a federal provision available at the time and opted out of Social Security.

I'm sure that has long since been identified as a "loophole" and "fixed".

2 posted on 09/14/2011 6:15:04 PM PDT by grobdriver (Proud Member, Party Of No! No Socialism - No Fascism - Nobama - No Way!)
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To: grobdriver

You are right, they closed that ‘loophole’ long ago.
On average the plan has done a 6 1/2 percent return which is about 3 times the return from SS.

http://www.usatoday.com/news/opinion/2005-03-15-benefits-reform-galveston_x.htm


5 posted on 09/14/2011 6:30:43 PM PDT by sheana
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To: grobdriver

Yes, it has.


7 posted on 09/14/2011 6:50:53 PM PDT by Scotsman will be Free (11C - Indirect fire, infantry - High angle hell - We will bring you, FIRE)
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