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Monday, December 16, 2013

Veterans Should Take a Pay Cut But Congress Should Not

I ask myself what kind of people continually re-elect this Yankee Socialist? It's beyond bizarre and does raise the question of whose side are they on.

And Senator (in title only) Schumer doesn't call after serving only 5 years in congress one gets a lifetime pension whereby a soldier, sailor, or airman must serve 20 years to barely get $2,500 a month????
Chuck Schumer's Capital Assets

Typical congressional retirement pensions

Members of Congress are vested (meaning entitled) to receive pension benefits from either CSRS or FERS after five years of service. They are generally able to collect benefits at an earlier age than other federal employees -- with fewer years of service. And their benefits are greater -- though, in all fairness, they contribute more for the benefits than regular federal employees. ~ Bankrate
E-7 Retiring at 20 Years of Service

 Veterans Should Take a Pay Cut But Congress Should Not

Kimberly Paxton
December 16th, 2013
Reader Views: 1,784
Comments (9)

Senator Chuck Schumer (D-NY) believes that it’s time that US military veterans do their part for America by taking a cut to their retirement benefits.

Because, of course, veterans haven’t done enough for the country.
Members of Congress, however, should take no such cuts. According to the rather despicable gun-control advocating Senator Schumer, the government officials have sacrificed enough.

Civilian federal employees have been cut, cut, cut. I think there was a feeling, if you’re going to cut them further, which was done, that the military retirees should have about an equal amount. It’s small,” the New York Democrat told MSNBC’s “Morning Joe.

“I think (Rep.) Paul Ryan and (Sen.) Patty Murray looked everywhere they could to try and find compromise. Everybody had to take a little,” Schumer said.

“They’re going to have to pay a tiny, little bit into it, which they never have,” he added.
But Schumer maintained members of Congress should not be forced to take a pay cut. He said they have already sacrificed, since they have not seen a pay raise “in a long time,” and explained most of them are paying more for healthcare insurance.

“We have taken pretty big cuts,” he said. (source)
Let’s tally up the numbers to put things in perspective:
  • The average pension for a retired veteran was $9,669 in 2011. (source)
  • The salary for a US Senator is $174,000. (source)
Just so this statistic is perfectly clear, the members of Congress bring in over 17 times the amount that retired vets do.

Despite this, veterans under the age of 62 will be looking at a 1% per year cut in their benefits. Members of Congress will not be looking at any reduction.

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