originally posted by: Tardacus
a reply to: LDragonFire
It`s hard work carrying all those bags of kickbacks and bribes to the bank,they need some time off to enjoy their ill gotten gains.
With a $174,000 a year salary,plus bribes,kickbacks and other perks, if they are starting to feel the pinch in their bank accounts from inflation how
do they think the average worker has been feeling?
if i remember correctly social security recipients didn`t recieve a cost of living increase for several years because the "government" said there
was no increase in the cost of living.
Where do you come up with this BS about bribes, illegal kickbacks. Don't you know there are laws on the books against Congress engaging in such
activity. No Congressperson would jeperdise their career over such deviate actions. No way, sir. You've must be reading too much Japanese manga
lately. Here are the facts, and yes, they deserve more and more the merrier for your hard and loyal working Congress people that serve the
countries' citizens to the highest standard in the world. I'd offer them even 10% of my VA disability check if i could, but you see, I've been
turned down twice, just don't qualify, but your Congressmen qualify because they make the rules for themselves that benefit them.
U.S. Congress salaries and benefits have been the source of taxpayer unhappiness and myths over the years. Here are some facts for your
consideration.
Rank-and-File Members:
The current salary (2014) for rank-and-file members of the House and Senate is $174,000 per year.
Members are free to turn down pay increase and some choose to do so.
In a complex system of calculations, administered by the U.S. Office of Personnel Management, congressional pay rates also affect the salaries for
federal judges and other senior government executives.
During the Constitutional Convention, Benjamin Franklin considered proposing that elected government officials not be paid for their service. Other
Founding Fathers, however, decided otherwise.
From 1789 to 1855, members of Congress received only a per diem (daily payment) of $6.00 while in session, except for a period from December 1815 to
March 1817, when they received $1,500 a year. Members began receiving an annual salary in 1855, when they were paid $3,000 per year.
United States Congress
Pay
Retirement House
Salaries
Senate
Congress: Leadership Members' Salary (2014)
Leaders of the House and Senate are paid a higher salary than rank-and-file members.
Senate Leadership
Majority Party Leader - $193,400
Minority Party Leader - $193,400
House Leadership
Speaker of the House - $223,500
Majority Leader - $193,400
Minority Leader - $193,400
A cost-of-living-adjustment (COLA) increase takes effect annually unless Congress votes to not accept it.
Benefits Paid to Members of Congress
You may have read that Members of Congress do not pay into Social Security. Well, that's a myth.
Prior to 1984, neither Members of Congress nor any other federal civil service employee paid Social Security taxes. Of course, they were also not
eligible to receive Social Security benefits. Members of Congress and other federal employees were instead covered by a separate pension plan called
the Civil Service Retirement System (CSRS). The 1983 amendments to the Social Security Act required federal employees first hired after 1983 to
participate in Social Security. These amendments also required all Members of Congress to participate in Social Security as of January 1, 1984,
regardless of when they first entered Congress. Because the CSRS was not designed to coordinate with Social Security, Congress directed the
development of a new retirement plan for federal workers. The result was the Federal Employees' Retirement System Act of 1986.
Members of Congress receive retirement and health benefits under the same plans available to other federal employees. They become vested after five
years of full participation.
Note: Starting in 2014, the only health care coverage made available to members of Congress and their employees by the federal government will be
coverage offered through the Health Insurance Exchange created by the Patient Protection and Affordable Care Act - the "Obamacare Act."
Members elected since 1984 are covered by the Federal Employees' Retirement System (FERS). Those elected prior to 1984 were covered by the Civil
Service Retirement System (CSRS). In 1984 all members were given the option of remaining with CSRS or switching to FERS.
As it is for all other federal employees, congressional retirement is funded through taxes and the participants' contributions. 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.
Members of Congress are not eligible for a pension until they reach the age of 50, but only if they've completed 20 years of service. Members are
eligible at any age after completing 25 years of service or after they reach the age of 62. Please also note that Members of Congress have to serve at
least 5 years to even receive a pension.
The amount of a congressperson's pension depends on the years of service and the average of the highest 3 years of his or her salary. By law, the
starting amount of a Member's retirement annuity may not exceed 80% of his or her final salary.
According to the Congressional Research Service, 413 retired Members of Congress were receiving federal pensions based fully or in part on their
congressional service as of Oct. 1, 2006. Of this number, 290 had retired under CSRS and were receiving an average annual pension of $60,972. A total
of 123 Members had retired with service under both CSRS and FERS or with service under FERS only. Their average annual pension was $35,952 in 2006.
Allowances
Members of Congress are also provided with an annual allowance intended to defray expenses related carrying out their congressional duties, including
"official office expenses, including staff, mail, travel between a Member's district or state and Washington, DC, and other goods and services."
[Learn more...]
Outside Income
Many members of Congress retain their private careers and other business interests while they serve. Members are allowed to retain an amount of
permissible "outside earned income" limited to no more than 15% of the annual rate of basic pay for level II of the Executive Schedule for federal
employees, or $26,550 a year in 2013. However, there is currently no limit on the amount of non-salary income members can retain from their
investments, corporate dividends or profits.
House and Senate rules define what sources of "outside earned income" are permissible. For example, House Rule XXV (112th Congress) limits
permissible outside income to "salaries, fees, and other amounts received or to be received as compensation for personal services actually
rendered." Members are not allowe