[Rushtalk] Letter to my boss

Tom Matiska tom.matiska at att.net
Fri Apr 27 09:38:51 MDT 2018

Since 1984 Congress Critters have been under the (mostly) same  Federal Employee Retirement System (FERS) as your mailman, with some differences.   Your mailman gets 1.1% per year pension if retiring normally.  1 percent under early retirement rules. Congress critters get 1.7% per year for their first 20( 20 years equal 34%) then it drops to 1% per year after that. 
High figures such as 80% are a throwback to the pre-1984 CRS system.  If they were in office or  govt employment under the old CRS system and elected to remain under it after 1984, they get a couple percent per year.  They also ,paid 7% more into that system, did not pay into or qualify for SS, and if employment outside of CRS otherwise qualifies them for SS they face reductions under double dipping rules.   Tom



 On Thursday, April 26, 2018 4:15 PM, Stephen Frye <stephen.frye at outlook.com> wrote:

 #yiv6486247966 -- filtered {font-family:Helvetica;panose-1:2 11 6 4 2 2 2 2 2 4;}#yiv6486247966 filtered {panose-1:2 4 5 3 5 4 6 3 2 4;}#yiv6486247966 filtered {font-family:Calibri;panose-1:2 15 5 2 2 2 4 3 2 4;}#yiv6486247966 filtered {font-family:Consolas;panose-1:2 11 6 9 2 2 4 3 2 4;}#yiv6486247966 filtered {font-family:Georgia;panose-1:2 4 5 2 5 4 5 2 3 3;}#yiv6486247966 filtered {}#yiv6486247966 filtered {font-family:serif;panose-1:0 0 0 0 0 0 0 0 0 0;}#yiv6486247966 filtered {font-family:serif;panose-1:0 0 0 0 0 0 0 0 0 0;}#yiv6486247966 p.yiv6486247966MsoNormal, #yiv6486247966 li.yiv6486247966MsoNormal, #yiv6486247966 div.yiv6486247966MsoNormal {margin:0in;margin-bottom:.0001pt;font-size:11.0pt;font-family:sans-serif;color:black;}#yiv6486247966 a:link, #yiv6486247966 span.yiv6486247966MsoHyperlink {color:#0563C1;text-decoration:underline;}#yiv6486247966 a:visited, #yiv6486247966 span.yiv6486247966MsoHyperlinkFollowed {color:#954F72;text-decoration:underline;}#yiv6486247966 pre {margin:0in;margin-bottom:.0001pt;font-size:10.0pt;color:black;}#yiv6486247966 p.yiv6486247966msonormal0, #yiv6486247966 li.yiv6486247966msonormal0, #yiv6486247966 div.yiv6486247966msonormal0 {margin-right:0in;margin-left:0in;font-size:11.0pt;font-family:sans-serif;color:black;}#yiv6486247966 p.yiv6486247966ox-b119fbb655-msonormal, #yiv6486247966 li.yiv6486247966ox-b119fbb655-msonormal, #yiv6486247966 div.yiv6486247966ox-b119fbb655-msonormal {margin-right:0in;margin-left:0in;font-size:11.0pt;font-family:sans-serif;color:black;}#yiv6486247966  span.yiv6486247966ox-b119fbb655-m7658915303724239953m1693916758149787204ydpbeaad301yiv4159126417m4470194314402158348ox-da25292973-xxyiv1023472458ox-aaea1a50ad-aolmailxm4903944761442318827apple-converted-space {}#yiv6486247966 span.yiv6486247966EmailStyle21 {font-family:sans-serif;color:windowtext;}#yiv6486247966 span.yiv6486247966HTMLPreformattedChar {font-family:Consolas;color:black;}#yiv6486247966 span.yiv6486247966EmailStyle25 {font-family:sans-serif;color:windowtext;}#yiv6486247966 .yiv6486247966MsoChpDefault {font-size:10.0pt;}#yiv6486247966 filtered {margin:1.0in 1.0in 1.0in 1.0in;}#yiv6486247966 div.yiv6486247966WordSection1 {}#yiv6486247966 Oh well, on TV, got to be true.    Vesting is five years.  Senate is six, so he/she is vested.  After six years, at current rates, the Senator will retire with an eligibility for an annual pension of about $17,000.    To collect, a congress critter must be 62 OR 50 with 20 years of service OR any age with 25 years of service.  With 40 years, the max is 80% of last/highest salary.    

    From: rushtalk-bounces at csdco.com <rushtalk-bounces at csdco.com>On Behalf Of John Quayle
Sent: Thursday, April 26, 2018 1:07 PM
To: rushtalk at csdco.com
Subject: Re: [Rushtalk] Letter to my boss                        They become "pension eligible" after serving one term - is that not correct? That was in a commercial on local TV.    On 4/26/2018 1:55 PM, Stephen Frye wrote: 
I agree with some of this, but the pension is Not as claimed.  Research it.  I have.  Same with their health care in retirement.  I don’t mind coming down where it is due, but we can’t make things up to suit our position.  That’s fake news?  No?   From:rushtalk-bounces at csdco.com <rushtalk-bounces at csdco.com> On Behalf Of John Quayle
Sent: Wednesday, April 25, 2018 5:34 PM
To: Rushtalk Discussion List <rushtalk at csdco.com>
Subject: [Rushtalk] Letter to my boss       

...letter to my boss; I have enjoyed working here these past several years.  You have paid me very well, given me benefits beyond belief. I have 3-4 months off per year and a pension plan that will pay my salary till the day I die and a health plan that most people can only dream about.   Despite this I plan to take the next 12-18 months to find a new position.  During this time I will show up for work when it is convenient. In addition, I fully expect to draw my full salary and all the other perks associated with my current job.   Oh yes, if my search for this new job proves fruitless, I will be back
with no loss in pay or status. Before you say anything, remember that you have no choice in the matter;  I can and will do this.            Sincerely, Every Senator or Congressman
running for re-election       Are we stupid or what‽     



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