Rep. Mike Coffman, R-Colo., today introduced his promised bill to cancel lawmakers’ future defined benefit pensions. HR 2913 wouldn’t touch any pension benefits accrued before its passage — or Social Security or Thrift Savings Plan benefits — but going forward, no current lawmaker would be able to add to the value of his pension, and future new lawmakers would get no pension whatsoever.
Coffman said that lawmakers who ask others to sacrifice must shoulder some of the burden:
These are extremely difficult economic times and we are in a debt crisis that will require sacrifices on the part of all Americans. Congress needs to set an example for the country and I believe that ending our pension plan would be a good start.
The National Active and Retired Federal Employees Association opposes Coffman’s bill, and worries it could be the first step on a “slippery slope” towards doing away with rank-and-file feds’ pensions.
Lawmakers receive better benefits than federal employees, as we detailed Monday in this story.
Robert Mainger Says:
September 16th, 2011 at 8:03 pm
I applaud your courage to propose this bill but am worried that if Congress took up the idea of suspending their own right to a pension, they may find it easier to suspend the pensions of retired servicemen and women. Frankly, I rely on my USAF pension and if it erodes in reference to inflation Or is suspended, I would be financially on the rocks. Please get behind increased taxes from corporations and tax evaders.
Marita Batenburg Says:
September 17th, 2011 at 11:13 am
Commend you and support your speaking out and representing the people…Sacrifice begins with leadership…
YOU are doing that…We support all of your suggestions…NOW to educate the slothful thinking produced by media education..Patriotism is learned …We’ve missed the mark on this generation who is “me centered” with no regard to the future…”It’s all about ME”..This MUST CHANGE in order to reclaim our nation our forefather’s shed blood to achieve!