One Thing Congress Gets ‘Right’: Funding Their Own Pensions…

After all, what’s the point of going to Congress at all if one can’t retire with a pension that pays over $140,000/year? Just serve 5 years and its yours. (And almost all members of Congress serve more than 5 years.)

(From Zerohedge)

While Congress’ pension is secured by your tax dollars, only 13% of regular Americans have pensions today. And even if you were promised one, collecting it is another story…

A recent Boston College report estimates 25% of private US pension funds—the pools of capital that pay out retirement benefits—will go bankrupt in the next decade.

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