From Stephan’s blog: I’m running for congress. its got great benefits
Yes congress people pay into SS fund.
Members of Congress under FERS contribute 1.3 percent of their salary into the FERS retirement plan and pay 6.2 percent of their salary in Social Security taxes.
but they donâ€™t tend to collect SSI.
Because federal employees have great pension and other benefits.?
Because they tend to get lucratic jobs in the private sector often as lobbyists immediately after leaving office?
Because 1 in 4 house representatives and 1 in 3 senators is a millionaire?
Hmmm? Getting warmer.
All of the above and they tend to be well paid professional business owners who have other options.
Do I think that whether they are or arenâ€™t paying into the system would have a great deal to do with their decisions on SS?
Do I think that being rich might?
Go read the rest.