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One benefit is to be "un-arrested" as in the case of Patrick Kennedy, who was arrested for DUI. The local police sat dumbfounded as the capital police came in and un-arrested him. Senators also do not pay into Social Security. They don't have that. They get a guaranteed retirement payment for life.
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Prior to 1984, neither Members of Congress nor any other federal civil service employee paid Social Security taxes. Congress like any federal employee's were eligable for a federal retirement program (not much different than most other companies plans). 1983 changes were made to the Social Security Act that required any federal employee hired after 1984 to pay Social Security taxes.
Members elected since 1984 are covered by the Federal Employees' Retirement System (FERS). Those elected prior to 1984 were covered by the Civil Service Retirement System (CSRS). In 1984 all members were given the option of remaining with CSRS or switching to FERS.
Members of Congress are not eligible for a pension until they reach the age of 50, but only if they've completed 20 years of service. Members are eligible at any age after completing 25 years of service or after they reach the age of 62. Please also note that Member's of Congress have to serve at least 5 years to even receive a pension.
The amount of a Congressperson's pension depends on the years of service and the average of the highest 3 years of his or her salary. By law, the starting amount of a Member's retirement annuity may not exceed 80% of his or her final salary.
References:
usgovinfo.about.com
Officially:
- Excellent pay
- Excellent hours
- Invitations to some of the most prestigious national events.
- Free lifetime heathcare benefits
- You are your own boss, but you are not self-employed.
- You can vote yourself a raise.
- Immunity from prosecution for most crimes.
- Personal impunity.
- You have the defense that the stress of your career was the causal factor of any illicit or taboo behavior--wait these last three are sort of the same.
- You get to belly up to the buffet of hedonism.
- And, when you die you get a hero's send off regardless of how scandalously you lived your life.
This link we tell you about their benefits http://usgovinfo.about.com/library/weekly/aa031200a.htm
Free Healthcare for life; free travel; guaranteed retirement, Free Parking :)
Legal Insider trading.
Golden Parachute Retirement (100% Salary For Life).
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what will it do in the nworld
