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yortsed snacilbuper

(7,939 posts)
Thu Apr 19, 2018, 07:58 AM Apr 2018

Paul Ryan could get a pension of $84,930here's how that compares to most people

House Speaker Paul Ryan announced that he will retire at the end of his term in January, giving up his prominent position and salary of $223,500 a year. But that doesn't mean the 48-year-old will have to start pinching pennies.

When he turns 50, he's likely entitled to a pension plan that Vanity Fair describes as "a golden parachute." If he is enrolled in the program offered to Congress members, the Federal Employees Retirement System (FERS), he could receive $84,930 a year, assuming he sticks it out through January.

In 2005, Ryan co-sponsored a bill to privatize Social Security, around the time that George W. Bush announced that Social Security was "headed for bankruptcy," though the bill went nowhere. His legislation, "Road Map for America's Future," a few years later also contained privatization proposals.

Social Security allotments only come out to an average of under $16,000 a year. A report from the Center on Budget and Policy Priorities found that most elderly people in America rely on Social Security for the majority of their income and two out of five would be broke without it.

https://www.msn.com/en-us/money/retirement/paul-ryan-could-get-a-pension-of-dollar84930—heres-how-that-compares-to-most-people/ar-AAvX5WN?ocid=spartanntp

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Paul Ryan could get a pension of $84,930here's how that compares to most people (Original Post) yortsed snacilbuper Apr 2018 OP
Paul Ryan has fed at the government teat his whole life and it appears he will continue. Vinca Apr 2018 #1
Membership in the GOP has its privileges Yo_Mama_Been_Loggin Apr 2018 #2

Vinca

(50,278 posts)
1. Paul Ryan has fed at the government teat his whole life and it appears he will continue.
Thu Apr 19, 2018, 08:01 AM
Apr 2018

Although that seems to be the opposite of what he believes, it's not. His idol, Ayn Rand, was eager to take benefits from the social safety net when she was old. Bottom line, he's a member of a cult that claims to despise government while sucking it dry.

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