Probably sooner than you think.

From Michelle Malkin’s site.

[I]n a little-noticed move, the House Financial Services Committee, led by chairman Barney Frank, has approved a measure that would, in some key ways, go beyond the most draconian features of the original AIG bill. The new legislation, the “Pay for Performance Act of 2009,” would impose government controls on the pay of all employees — not just top executives — of companies that have received a capital investment from the U.S. government. It would, like the tax measure, be retroactive, changing the terms of compensation agreements already in place. And it would give Treasury Secretary Timothy Geithner extraordinary power to determine the pay of thousands of employees of American companies.

The government has just given tax-cheat Geithner the power to decide the salaries of private individuals.  And it would be retroactive.

Who thinks that this is a good idea?

Maybe it is time to investigate whether your employer took money from the government, because you might be get a bill for the retroactive overpayments that you earned.

Come to think of it, shouldn’t we, the voters have the same right over them?  Because I want every red cent that has gone to the salaries and benefits of these nitwits.

In case you were curious, Click here to see their salaries and benefits.

The current salary (2009) for rank-and-file members of the House and Senate is $174,000 per year.

Congress: Leadership Members’ Salary (2009)
Leaders of the House and Senate are paid a higher salary than rank-and-file members.

Senate Leadership
Majority Leader – $193,400
Minority Leader – $193,400

House Leadership
Speaker of the House – $223,500
Majority Leader – $193,400
Minority Leader – $193,400

A cost-of-living-adjustment (COLA) increase takes effect annually unless Congress votes to not accept it.

Members of Congress receive retirement and health benefits under the same plans available to other federal employees. They become vested after five years of full participation.

Members of Congress are not eligible for a pension until they reach the age of 50, but only if they’ve completed 20 years of service. Members are eligible at any age after completing 25 years of service or after they reach the age of 62. Please also note that Member’s of Congress have to serve at least 5 years to even receive a pension.

The amount of a Congressperson’s pension depends on the years of service and the average of the highest 3 years of his or her salary. By law, the starting amount of a Member’s retirement annuity may not exceed 80% of his or her final salary.

Sounds like a pretty sweet deal for them.

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