29 Oct 2012 12:28 pm
Where did I write one single word about "losing incomes?" Quote me....what are the chances a President Romney and the new Repub Congress will bail out your precious Post Office pension?If the CSRS goes bust, both my husband and I will lose our incomes.A thought which seemed to make you positively giddy.If the Post Office can't support all of the burden, it can pay a percentage, and anyone effected can go find work, just like almost everyone in the private sector has to do.Yes, because it's so easy for folks of retirement age to 'go find work'.I guess people in the private sector never retire. Why don't you ever bitch and moan about Congressional pensions Puss?Now there's a real scandal.While the rest of the country has been focused on state and local government pensions, those whizzes in Washington have continued to quietly ride their gold-plated gravy train. They pay less -- far less -- into their pensions than other government workers while taxpayers kick in more. And oh yeah, they also get a 401(k)-type plan, to which we get to contribute yet again. In all, taxpayers are kicking in 23 percent of our leaders' pay toward their retirement -- or more than $40,000 per Congress member per year.[...]A guy serving just six years qualifies for more than $17,000 a year for the rest of his life once he turns 62 -- more once cost-of-living adjustments are added in. As of October 2009, congressional pensions averaged nearly $60,012 under an older plan and $40,140 for those elected since the mid- 1980s. And that's before their 401(k)-style plans are added in. Today's members of Congress are sinking all of 1.3 percent of their salary into their own pensions. We, the people they serve, meanwhile, are contributing 18.3 percent, plus another 5 percent into their 401(k)-style plans. Read more: http://www.azcentral...l#ixzz2Ai4uspqo