Statements about Pensions
"Providence has more of its pension fund invested in hedge funds and is less transparent" about it than the state.
As CFO, Alex Sink oversaw "a $27 billion loss in the state's pension fund."
Some "20,000 Delphi salaried retirees lost up to 70 percent of their pensions" as a result of "political favoritism and backroom deals."
Says less than half of 1 percent of all the Texas legislators who ever served draw "a benefit" from pensions tied to the salaries of state district judges.
"New Jersey’s once-broken pension system is now solvent."
Since Gina Raimondo took office, investment fees on the state's pension portfolio "have gone up from about $12 million annually to about $50 million."
Says "PPS employees have paid their own PERS contributions for many years."
Says, "The Democrats' proposed budget is also balanced by using more in new tax revenue than in total PERS reform or savings."
The Legislature needs to spend $500 million to "shore up" the pension fund this year and the next 28 years to keep it "afloat."
Knopp says he upheld a campaign promise not to join the Public Employees Retirement System (PERS).
"Our pension system is the only one in the country that’s 100 percent funded."
Says budget savings by reducing pay and benefits for federal employees total $103 billion over 10 years -- more than $50,000 per worker.
"There’s 21 congressmen and senators that have been convicted of felonies that still get their retirement, even in jail. They don’t have to wait until they’re 65."
Says Barack Obama has pension investments that include Chinese firms, and "investments through a Caymans trust."
"The judicial system is the most underfunded in this state, able to only pay 52 percent of its obligations. Meanwhile, judges get some of the richest pensions of all public employees."
Says Chris Christie "has refused to fund pensions by billions of dollars," and got legislative approval to begin "properly funding pensions" in 2018.
The Wisconsin Retirement System for public employees is "a self-funded pension plan" and "it’s the money of the workers’ that funds it."
Says Joe Kyrillos "voted to raid the state's pension funds by $2.8 billion that is costing New Jersey taxpayers still today to the tune of nearly $15 billion dollars to repay that money."
"Over the past five years the federal government has paid out $601 million in retirement and disability benefits to deceased former federal employees."
"When my grandfather came to this country back in 1925, there were no government benefits."
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