Marjorie Taylor Greene’s resignation secures her a congressional pension

I know....but A/I gave me that answer....and I haven't had a chance to see what was meant by the 3.1% or if that was simply wrong?
WorldWatcher

researched again

Okay, that was suppose to be the %6/2% SS for Federal Employees, and for Civil Service employees, they pay 0% to SS, but do pay in to Medicare....and in to their pension fund.
 
WorldWatcher

researched again

Okay, that was suppose to be the %6/2% SS for Federal Employees, and for Civil Service employees, they pay 0% to SS, but do pay in to Medicare....and in to their pension fund.

All Federal employees since January 1st, 1984 have fallen under the Federal Employees Retirement System (FERS) and do pay Social Security as part of their FICA tax, just like everyone else.

That was 42 years ago (using January 1st, 2026 which is right around the corner).

Those employed prior to that were under the Civil Service Retirement System (CSRS) and even then, they were given the option of convertging to FERS or remaining under CSRS. Only about 1.6% of the federal workforce remains under CSRS and that percentage gets smaller every year. Under CSRS, since there were no SS taxes, those years didn't count toward SS Retirement benefits.

Under FERS contribibutions to the pension fund are smaller when directly compared to CSRS, but the employee can have a Thrift Savings Plan with some matching contributions (capped at up to 5% of earnings) and pay into Social Security.

Under the Social Security Fairness Act of 2023, Social Security Benefits are no longer reduced if you draw a CSRS pension AND earned SS Retirement benefits through other empoyment. (The CSRS still does not count toward SS Retirement, the law removed the penalty which was a reduction in benefits.)

I tend to not use AI for any real research, more of a pointing tool to find reputable sources, then check the sources.

WW

 
PAY:
Congress is the Federal Employee Retirement System (FERS).

The receive:
  • Average of High Three Earngins years.
  • Earn 1% per year of employment.
  • Multiply the average of the earnings by the percentage derived from years.

[($174,000 * ) / 100 ] * 5% = X
[($174,000 * ) / 100 ] * 0.05 = $8,700

She will be able to receive $8,700 a year starting at age 62, which is about 11 years in the future.

HEALTH INSURANCE:

FERS retirees are eligible for Health Insurance if they have 5-years of service and the retirement annuity begins within 30 days. Since her retirement annuity will not start for 11 years, she wouldn't be eligible for continued coverage under FERS.

THRIFT SAVINGS PLAN:

FERS eligible people all receive the same benefit. Contribution equal to 1% of base pay plus up to a maximum of 4% addtitional to match the members own contributions. 5% as we saw above happens to be $8,700 maximum per year. We have no idea if she's been making a contribution.

WW

Even so, how many of us, the blue collar workers receive that after leaving our jobs at 5 years?
 
(NewsNation) — Rep. Marjorie Taylor Greene will remain in office until Jan. 5 after announcing her resignation from Congress last week, following an online feud with President Donald Trump.

Greene, a Republican from Georgia, took office on Jan. 3, 2021, and will have served for five years and three days by the time she exits — three days longer than the minimum time served to be eligible for a congressional pension.



So, she'll continue to receive 80% of her current pay, Health insurance, and a 401K for the congresspeople called a "Thrift Savings Plan" that matches twice the amount a working American gets "whether she contributes, or not"....

This is outrageous! This woman is timing this to grift the American taxpayer for the rest of her life....Disgusting.

PAY:
Congress is the Federal Employee Retirement System (FERS).

The receive:
  • Average of High Three Earngins years.
  • Earn 1% per year of employment.
  • Multiply the average of the earnings by the percentage derived from years.

[($174,000 * ) / 100 ] * 5% = X
[($174,000 * ) / 100 ] * 0.05 = $8,700

She will be able to receive $8,700 a year starting at age 62, which is about 11 years in the future.

HEALTH INSURANCE:

FERS retirees are eligible for Health Insurance if they have 5-years of service and the retirement annuity begins within 30 days. Since her retirement annuity will not start for 11 years, she wouldn't be eligible for continued coverage under FERS.

THRIFT SAVINGS PLAN:

FERS eligible people all receive the same benefit. Contribution equal to 1% of base pay plus up to a maximum of 4% addtitional to match the members own contributions. 5% as we saw above happens to be $8,700 maximum per year. We have no idea if she's been making a contribution.

WW


Even so, how many of us, the blue collar workers receive that after leaving our jobs at 5 years?

I was addressing the false claims in the OP about 80% pension and health insurance from the OP. The TSP claims while true, aren't significant as the maximum match is 5% of base pay and then ONLY if the individual make contributions since 4% of the 5% are matching contributions.

Whether it "should be" is a different question than "what currently is".

WW
 
Wrong. Know what you’re talking about before you make stupid comments.

Her net worth is tied to her share of a family owned construction company.

Liberals are idiots.
Yeah? Tell me about that…How long they been in business? How many government contracts did they have before?, and how many in the last 5 years?

Her share is a controlling share, so at least 51%. Now, let’s tell the whole truth here.
 
Yeah well, ***** to the congress who wrote these laws. I mean, at least MTG tried her best while here and is leaving in disgust over fraud, crime and corruption in government. Far far better than what some democrats have done.
Tried her best? She came in as a freshman back bencher, making waves, trying the AOC playbook of publicity, and let’s not forget the whole cabal with Gates, and Bobbert trying to hamstring the leadership to their/her will with that one member objection of the speaker bullshit.
I only fault her for taking her argument, whatever it was, between herself and Trump, letting it get the better of her, not letting it play out to see what happens while pushing for the best outcome, instead, she went public with it, hurting Trump and her own party.
She was over her head. And instead of what you say, in true Karen form, she went to opposition media and tried a power move she didn’t have the chops to do.
Something that no democrat ever does.
Your right, which is why dems seem to rule in, or out of power…think about that.
 

Marjorie Taylor Greene’s resignation secures her a congressional pension​


My apology is someone has already pointed this out

But she also gets to keep any campaign donations she has collected
 

Marjorie Taylor Greene’s resignation secures her a congressional pension​


My apology is someone has already pointed this out

But she also gets to keep any campaign donations she has collected
That is very wrong, nothing but legalized bribery.

For for any politician, not just MTG.
 
Yeah? Tell me about that…How long they been in business? How many government contracts did they have before?, and how many in the last 5 years?

Her share is a controlling share, so at least 51%. Now, let’s tell the whole truth here.
Ok. Tell the whole truth here. Let’s see some facts.

Here’s a couple of facts. Her father founded the company in 2002. They have no government contracts nor have they ever had any government contracts. So. What do you say now?

You should know the answers to certain questions prior to asking them. That way you won’t look like a fool like you just did.
 
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Marjorie Taylor Greene’s resignation secures…​


But she also gets to keep any campaign donations she has collected
Wrong. She does not get to keep campaign donations.

These contributions can go to other candidates or be donated to a charity. They can also be transferred to the party HQ or even returned to the donor.

Stop making false claims which make you look stupid.
 
Wrong. She does not get to keep campaign donations. These contributions can go to other candidates or be donated to a charity.

Stop making false claims which make you look stupid.

She can also donate it to a political party (local, state, or federal) organization.

But you are correct, she doesn’t get to keep the money for personal expenses.

WW
 
She can also donate it to a political party (local, state, or federal) organization.

But you are correct, she doesn’t get to keep the money for personal expenses.

WW
There are several things which can happen with those funds. None of which goes into her personal bank account. Obvious Mac-7 is ignorant concerning campaign funding laws.
 
Wrong. She does not get to keep campaign donations.

These contributions can go to other candidates or be donated to a charity. They can also be transferred to the party HQ or even returned to the donor.

Stop making false claims which make you look stupid.
Yes, I stand correcte
 

Marjorie Taylor Greene’s resignation secures her a congressional pension​


My apology is someone has already pointed this out

But she also gets to keep any campaign donations she has collected
if you dont like the system thats in place you can always run for office and change it,,

I doubt you will because youre just another ***** that complains on the internet,,
 
15th post
Tried her best? She came in as a freshman back bencher, making waves,
Maybe that WAS her best! :eusa_whistle:

She was over her head. And instead of what you say, in true Karen form, she went to opposition media and tried a power move she didn’t have the chops to do.
Yep, and she is paying the price for that.

Your right, which is why dems seem to rule in, or out of power…
No arguing that point. While democrats have their whole party, some of the GOP (RINOS), and the media all helping pull democrats forward in every election, republicans always have 100% of the democrats against them, the media, and half of their own party stabbing them in the back, holding them back trying to hurt their chances.

Which is probably why people often say that for a republican to win, he has to be many times better than the same democrat.
 
if you dont like the system thats in place you can always run for office and change it,,

I doubt you will because youre just another ***** that complains on the internet,,
I was mistaken about the campaign funds and someone corrected me

But Greene did make sure to stay 5 years to the day but not even a fortnight longer so she could collect her pension

Why noticing that makes me a ***** is unclear

I guess internet blowhards just like to hurl insults
 
I was mistaken about the campaign funds and someone corrected me

But Greene did make sure to stay 5 years to the day but not even a fortnight longer so she could collect her pension

Why noticing that makes me a ***** is unclear

I guess internet blowhards just like to hurl insults
as I said,, you are free to run for office and change the system that seems to offend you so much,,

but I doubt you will because you would rather whine like a ***** on the internet about it,,

beings this is your thread makes you the blowhard not me,,
 
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