Weiner Resigns For $1.3Million Benefit!
I knew the professional politicians at the federal level were "screwing us to the wall," but I didn't think it was this bad!! SmartMoney Magazine (published by the Wall Street Journal) has a really good expose' which explains (just) this one area that the politicians legally screw us. I highly recommend that anyone interested, read the SmartMoney article:
http://www.smartmoney.com/retirement/planning/why-im-jealous-of-weiner-1308253690928/?link=SM_hp_ls1e
The retirement benefits you and I fund for these schlubs is disgraceful!! They only have to 'work for us' for ten years and can retire with a substantial (to me) monthly check starting at age 56! In the Weiner's case, he can take reduced benefits of $25,000 at that age or wait til he's 62 and receive an annual benefit of $35,000 the rest of his life!! That's with just 12 years' federal employment. The aforementioned SmartMoney article does a comparison between the Weiner and a commoner like you and I. Very Informative!
Til Nex'Time....
Friday, June 17, 2011
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