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I heard that Members of Congress don't pay into Social Security but receive huge retirement benefits that come straight from my tax dollars. Is this true? |
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No, this is another hoax email that has
been floating around the Internet.
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Write
to me by using the Write Your Rep
service
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Members
of Congress who took office after 1984 do, in fact, pay into Social
Security at the same tax rate as all other workers, and the vesting
period for them to be eligible for pension benefits is, as with all
Federal employees, five years. Our final pension is directly related
to the amount of time that we serve in office, and is in fact
calculated by years served multiplied by 1.7% multiplied by our average
annual salary for the three consecutive years of highest pay.
If you would like to learn more about
retirement plans for Members of Congress, the Library of Congress has
written a brief
on the subject.
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