[Congressional Record Volume 159, Number 8 (Wednesday, January 23, 2013)]
[House]
[Page H225]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
ENDING THE CONGRESSIONAL PENSION
(Mr. COFFMAN asked and was given permission to address the House for
1 minute and to revise and extend his remarks.)
Mr. COFFMAN. Mr. Speaker, today I'm introducing legislation to put an
end to the defined benefit retirement plan currently available to
Members of Congress.
These are extremely difficult economic times. We are in a debt crisis
that will require sacrifices on the part of all Americans. I served in
both the U.S. Army and Marine Corps, and I was taught that leaders
should never ask others to do anything that they themselves would be
unwilling to do. Congress needs to set an example and lead the way for
the country. I think ending the congressional pension system is a good
start.
My legislation will honor any retirement benefits accrued prior to
the passage of this bill and will keep Social Security and the Thrift
Savings Plan in place for Members of Congress.
I believe that Members of Congress should feel the same economic
pressures the rest of society does, and I firmly believe that the
current effort to reduce spending and constrain the size and scope of
government requires that all possible solutions be taken, including
cuts to the congressional budget.
I urge the passage of this bill.
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