Would Eliminating Retirement Plans for Elected Officials Lead to Better Government?
The concept of No-Retirement Plans for Politicians (except a 401K) is circulating. Do you think it would be an effective way to improve government? It is true that many elected politicians vest into excellent retirement plans with only a few years of service. The Senate of the United States has a retirement plan that is particularly generous. Even state and county-level elected politicians have created generous retirement plans at taxpayer expense. One argument against these retirement plans for ELECTED officials is that they are too generous at taxpayer expense. Another argument is that these plans keep politicians running for office. If they didn’t have the retirement plan, they would have to find “legitimate” work and not sit in the office all of their lives. The argument is that career politicians grow out of touch with their constituents and beholding to special interests. Would eliminating Retirement Plans for Elected Officials help to “refresh” government?
