Freshman Republican Senators Mike Braun and Rick Scott are proposing End Pensions In Congress Act on Tuesday. The legislation is supposed to end pensions funded by the American taxpayer.
This is step one in getting our spoiled Congress to realize what it’s like to like live like the rest of us. These wealthy members of Congress don’t need pensions, and they shouldn’t get paid during government shutdowns or when Congress isn’t in session.
I absolutely love the initiative by these two Republicans. I sincerely hope this is just the beginning of a massive overhaul of Congressional perks.
The Democrats propose massive spending (Green New Deal) the Republicans are trying to remove government incentives. Putting their money where their mouth is so when they go after entitlements of the people, they have a leg to stand on, and I’m all for it.
“Pensions are kind of an archaic thing,” said Braun in an interview with Yahoo Finance. “Here in government, I think it’s a great example of where it’s a remnant of the way things used to be. Most people [outside of Congress] don’t get them anymore.”
According to a 2017 report from the Congressional Research Service, members of Congress are eligible for a pension at age 62 if they have served for at least five years. Members qualify for a pension at age 50 if they’ve completed 20 years of service, and members of any age can receive a pension after 25 years of service.
The size of the pension depends on years of service and the average of the highest three years of salary.
“I think it’s time for that to go, especially when you look at the performance that both Congress and senators have provided over the last few decades. It’d be not only symbolic – it just shouldn’t be a perk that’s there in anymore,” said Braun.
Excerpt via Yahoo Finance
Not far enough. As I said earlier, this is step one. There needs to be an amendment saying that Congress can make no laws that give members of government anything the average American does not have. This includes retirement, health care, etc. This would force them to repair social security and health care, or buy their own.
There should be NO incentive to staying in Congress for more than a few terms. Serve, then move on people and get a real job. You are not supposed to get rich and comfortable serving the people. It’s backward.
I wish this could have been introduced a long time ago. This country has several just sitting in Congress doing nothing but counting the days to their pension and its benefits. Many Congress lawmakers stay hidden until someone wakes them up. If this action is adopted, we will see a much better class of people running for Congress.