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Old 05-23-2011, 10:57 AM
 
Location: New York
1 posts, read 8,200 times
Reputation: 21

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Is this true?

No one has been able to explain to me why young men and women who serve in the U.S. Military for 20 years, risking their lives protecting freedom, only get 50% of their pay at retirement. While Politicians, who hold their political positions in the safe confines of the capital, protected by these same men and women, receive full pay retirement after serving ONE term. It just does not make any sense.


Monday they learned that the staffers of Congress family members are exempt from having to pay back student loans.
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Old 05-23-2011, 11:46 AM
 
4,561 posts, read 4,169,756 times
Reputation: 5172
...my advice to you is NOT to look at those of us who are medically discharged/retired!!!!!!!
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Old 05-23-2011, 12:17 PM
 
Location: Central Maine
4,067 posts, read 3,277,948 times
Reputation: 3514
Quote:
Originally Posted by justice for all View Post
Is this true?

.....

While Politicians, who hold their political positions in the safe confines of the capital, protected by these same men and women, receive full pay retirement after serving ONE term. It just does not make any sense.
I haven't had a chance to look at military retirements, but the statement you made above is most definitely NOT true.

For factual information, see:

US Congress Salaries and Benefits Salaries and Benefits of US Congress Members

http://www.senate.gov/reference/reso...df/RL30631.pdf

In federal service, when you hear the phrase "full retirement benefit" or similar words, that refers to the full pension a federal retiree will receive based on factors like age, length of service, and salary.
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Old 05-23-2011, 12:26 PM
 
Location: Central Maine
4,067 posts, read 3,277,948 times
Reputation: 3514
Quote:
Originally Posted by justice for all View Post
No one has been able to explain to me why young men and women who serve in the U.S. Military for 20 years, risking their lives protecting freedom, only get 50% of their pay at retirement.
The short answer: That's the way military retirement works.

The long answer:

Yes, if you serve in the military for 20 years and retire at that point, you receive 50% of your basic pay as a pension. There is no age requirement, so that you can retire when you're still in your 30's, get the 50%, and start a second career. Or, you can go for a 40-year military career, and be eligible for 100%.

See:

The Military Retirement System - Military Benefits - Military.com
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Old 05-23-2011, 12:31 PM
 
Location: Albuquerque
747 posts, read 1,187,419 times
Reputation: 763
I'm not one to defend members of congress...as I am pretty much fed up with the whole group. But, members of congress are provided the same retirement benefits other federal workers are. That is, they have to meet the same age requirements and length of service. So...without federal service, anyone serving in the house of representatives for one term would not meet requirements.

Let's say you had a one-term senator...who served six years and was age 62 when he or she finished that term. That senator would quality for retirement. The annual annuity would be the average salary of the highest 3-year period times .017 times the years of service. This is assuming we are talking about any senator elected since 1984...on the Federal Employees Retirement System (FERS). Assuming the average pay was the present figure of $174k per year, with six years of service, that would yield a retirement $17,748 per year. My guess is that those senators will make a lot more money doing something else.

Here is a link to this information.
http://www.senate.gov/reference/reso...df/RL30631.pdf
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Old 05-23-2011, 04:02 PM
 
Location: East Coast
2,401 posts, read 2,329,117 times
Reputation: 3059
Quote:
Originally Posted by justice for all View Post
Monday they learned that the staffers of Congress family members are exempt from having to pay back student loans.
Did you receive this little tidbit in an email by any chance? My advice...check this stuff out at the Urban Legends website:

Quote:
Claim: All congressional staffers and family members are exempt from repaying their student loans.

*FALSE
snopes.com: Are Congressional Staffers and Family Members Exempt from Repaying Student Loans?
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Old 05-23-2011, 04:51 PM
 
3,216 posts, read 3,633,855 times
Reputation: 2402
Is that 50% pay benefit automatically transferred to one's widow after death?
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Old 05-23-2011, 05:04 PM
 
Location: Sierra Vista, AZ
15,952 posts, read 12,582,500 times
Reputation: 7754
Quote:
Originally Posted by justice for all View Post
Is this true?

No one has been able to explain to me why young men and women who serve in the U.S. Military for 20 years, risking their lives protecting freedom, only get 50% of their pay at retirement. While Politicians, who hold their political positions in the safe confines of the capital, protected by these same men and women, receive full pay retirement after serving ONE term. It just does not make any sense.


Monday they learned that the staffers of Congress family members are exempt from having to pay back student loans.
Not completely, if you are too disabled to complete 20 years you get a percentage of a percentage, probably under $1,000 a month. You don't get to collect it either. They deduct anything you get from the VA from that so you probably get nothing for being crippled in the military. Senator Reid tried to correct this four times last year but was voted down by the GOP (supporting the Troops).
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Old 05-23-2011, 06:50 PM
 
4,561 posts, read 4,169,756 times
Reputation: 5172
Quote:
Originally Posted by Boompa View Post
Not completely, if you are too disabled to complete 20 years you get a percentage of a percentage, probably under $1,000 a month. You don't get to collect it either. They deduct anything you get from the VA from that so you probably get nothing for being crippled in the military. Senator Reid tried to correct this four times last year but was voted down by the GOP (supporting the Troops).

Yep. I'm Medically retired.

I have a feet injury (With orthodics and Narcodics I can stand up 3-3.5 hours)

+ a neck injury.


It's worth just over $400


-That's about my monthly medical bills using tricare...


(ETA: That's not counting the VA, but believe it, it isn't much)
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Old 05-23-2011, 07:18 PM
 
Location: Wisconsin
14,380 posts, read 19,160,414 times
Reputation: 6878
Quote:
Originally Posted by mrgoodwx View Post
Let's say you had a one-term senator...who served six years and was age 62 when he or she finished that term. That senator would quality for retirement. The annual annuity would be the average salary of the highest 3-year period times .017 times the years of service. This is assuming we are talking about any senator elected since 1984...on the Federal Employees Retirement System (FERS). Assuming the average pay was the present figure of $174k per year, with six years of service, that would yield a retirement $17,748 per year. My guess is that those senators will make a lot more money doing something else.
$18K for life with a Cola after only six years!!
I think this is an OUTRAGEOUS number for six years in Congress.

Military is worth that and more. Congress - never.
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