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:
what is the salary and fringe benefits for photography?
The advantages of fringe benefits to the employer is that they can get away with paying you less and add in fringe benefits instead. The advantages to the employee is that they can add something special like a car, medical benefits, or vacation that make the job more desirable.
you get paid!
none
Bert A. Balmer has written: 'Fringe benefits in Washington cities' -- subject(s): Employee fringe benefits
i think those are the fringe benefits or PERKS....
nothing
It really depends on what you consider to be fringe benefits. To me, working with and healing horses is the fringe benefit. As to monetary gain I guess that would be up to you and how you set up your business.
The fringe benefits of a video game designer are they get to have fun at their job and do what they love. They also get to play video games and get paid for it.
A bonus when used in employment is typically a monetary compensation. A fringe benefit is a bonus as well, but sometimes benefits are not monetary.
It is the taxation of most, but not all fringe benefits, which are generally no-cash employee benefit.
what will it do in the nworld