brushrunretiree
Banned
Registered: Feb 2009
Location: Reader, W.V.
Posts: 2109 |
Congressional Perks
Each of the 535 members of Congress earns at least $174,100 a year (those in leadership positions earn more). Meanwhile, the Census Bureau reported last fall that median household income in the U.S. fell 1.5% to $50,054 in 2011 - the fourth consecutive annual decline and the seventh decline in the past 10 years.
On top of that, each member receives an allowance to cover such things as the salaries of their staff, office furniture and basic travel expenses. Members of the House get $1.52 million per year, members of the Senate, $4.2 million.
In the days of paper ledgers, such expenses were recorded in detail, so taxpayers would know that a lawmaker spent $500 on a desk, for example. Today, the expenses are recorded in a database that the public can access over the Internet, but most expenses are described vaguely with such terms as "office equipment."
While members of Congress do not get free healthcare - they pay about 28% of the total premium - they do get to choose from an array of about 10 different insurance plans, just like any other federal employee.
However, legislators do have on-site medical care via the Office of the Attending Physician, located on the first floor of the Capitol building. Better still, they have access to medical treatment at any military hospital - and can get free outpatient care at nearby Bethesda Naval Hospital.
And when it comes time to retire, few workers will enjoy benefits as fine as those bestowed on members of Congress.
For one thing, lawmakers qualify for a pension, a benefit that has been all but eliminated for most American workers. Long-serving members can qualify for pensions that exceed the salaries of most workers.
For example, a member who retired at the end of 2012 with 20 years of service would qualify for a pension of $59,160, according to the Congressional Research Service. Better still, that pension will be adjusted for inflation - almost unheard of in the private sector.
Plus, lawmakers can participate in the federal employee 401(k)-style "Thrift Savings Plan" that matches the first 5% of their contribution. And on top of that, they also qualify for full Social Security benefits.
Mind you, all this tax money is going into the pockets of a group of people who already are extremely well off. According to the Center for Responsive Politics, nearly half the members of Congress are millionaires. Some are worth tens of millions, or even hundreds of millions.
Meanwhile, the median net worth of the average American household is $66,470.
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