He's using a projection, but the math is sound.
Says "$1,100 of the tuition paid by every Oregon university student annually goes just to pay the costs of PERS."
After he cashed out his account in 2010
Knopp says he upheld a campaign promise not to join the Public Employees Retirement System (PERS).
It's more plausible than the $120,000 originally claimed
Says "I am happy to decline PERS so that the County can save over $68,000 over a four year term that would have been paid on my behalf."
Raises were double digit, but so was inflation
Says Oregon state employees received a "catch-up" pay raise in 1981 -- just two years after they agreed not to take a raise in exchange for a retirement benefit.
But for one you have to work 30 years
"The Public Employee Retirement System is making more millionaires than the Oregon state lottery."
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