Political Quotes

“the manager's amendment also includes a provision passed by the Senate last Congress to rectify a serious inequity in the current retirement system for Federal judges. This provision was included in S. 1673, and passed as part of S. 1569, last Congress, but delete by the other body for jurisdictional reasons. I believe it is crucial to correct this injustice. In 1984, Congress sought to compensate Federal judges in some way for the fact that they, unlike all other Federal employees, may not retire at age 55, but must wait until 65. At age 65, life insurance options are fairly limited and expensive. Thus we granted Federal judges the option of maintaining their optional life insurance, at cost to them. Unfortunately, article I judges were not included. This amendment provides these valuable members of the Federal judiciary the same opportunity as article III judges currently enjoy. Under the current system all Federal employees receive basic life insurance in an amount equal to their annual salary.”