Golden Fleece Retirement Plan

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Friday, 02/19/2010 @ 08:06 PM PST
To whom it may concern:

I wholeheartedly oppose the Golden Fleece Retirement Plan. 80 to 90 percent of the total recipients of this plan don't even need it.If this plan was terminated thismoney could be better spent in so many different areas..I wish you would initiate a bill that would terminate the Golden Fleece Retirement Plan.Thank You. John G. Cook...

Your Constituent
Citizen93683
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Letter Comments
Total Comments: 2
The_Guru,  on 03/04/2010 @ 07:30 AM PST  wrote:
I hate to be the one to tell you this, but you have been duped. The "Golden Fleece Retuirement Plan" is a hoax. It doesn't exist. All our elected representatives pay into Social Security just like everyone else. The US Senate follows the guidelines as outlined here... www.senate.gov/reference/resources/pdf/RL30631.pdf
The_Guru,  on 03/04/2010 @ 07:34 AM PST  wrote:
From the referenced guidline... "As of October 1, 2006, 413 retired Members of Congress were receiving pensions based fully or in part on their Congressional service. Of this number, 290...were receiving an annual pension of $60,972. A total of 123 members...average pension was $35,952 in 2006."