There is great concern about the solvency of the Social Security system that finances the retirement of many of our citizens. Many of the younger members of our population are concerned about their benefits when they reach retirement.
No one seems too concerned about the fiscal solvency of the federal retirement programs. For instance, there are about 96 senators whose retirement benefits will cost the government about $2 million each.The retirement benefits of the Congress, Army, Air Force, Navy and Coast Guard, court system and all others who will receive government pensions are much, much greater than those on Social Security, yet no one seems concerned about their cost or solvency.
Many retirees are double dippers, drawing pensions from more than one government agency. Their COLA adjustments are higher than those on Social Security.
Who is financing the Social Security payments? It is the business community and those working in private business. Then we must ask, "Who is financing the pensions paid to the myriad government workers?" The same people - private business and the American taxpayer.
Rather than allowing the government to vote itself huge pensions from taxpayer contributions, why not put everyone on Social Security so that everyone is treated equal?
David E. Fullmer
Salt Lake City