Rep. Ron DeSantis, (R) FL has proposed legislation that would deny pensions to any member of congress not yet vested in the plan and all future members of congress:
“The Founding Fathers envisioned elected officials as part of a servant class, yet Washington has evolved into a ruling class culture,” says Mr. DeSantis. “Pensions for members of Congress represent an inappropriate use of taxpayer money, especially when the idea of a pension in the private sector is fast becoming a relic from a bygone era.”
Lawmakers are eligible for a pension upon reaching 62 if they have at least 5 years of service, at age fifty with 20 years of service or at any age with 25 years of service. The average pension for the over 600 congressional retirees currently collecting a pension is $42,048 to $$71,664 a year, depending on their pension plan and time of service.
Thomas Massie of Kentucky opined:
“If congressmen want to save for retirement, they should do so with 401k-type plans, rather than rely on taxpayers to take care of them even after leaving Congress. To tackle out-of-control federal spending, Congress must lead by example.”
Rep Mick Mulvaney added:
“I have said many, many times that members of Congress should be treated more like ordinary American workers when it comes to compensation – and very few people these days get a pension.”
Rep Reid Ribble:
“Our political system was designed for Americans to be served by citizen legislators, not career politicians. In a time when pensions are no longer available to the vast majority of people working in the private sector, it is wrong to ask taxpayers to subsidize this benefit for politicians.”
It will be interesting to see how many republicans vote for the bill.
Courtesy of Red Statements.