Statements about Pensions
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."
Says Gov. Scott Walker is "openly" backing a move to abolish the state retirement system and convert it to a 401(k)-style plan that will reduce pensions "by at least a third" for current and retired public employees
Gov. McDonnell's proposed budget "is cutting" public education.
Says proposal to boost teacher pension fund "puts no mandate on local government."
Says he’s proposed "the largest employer contribution to the Virginia Retirement System in history."
"I think with the exception of the last year or maybe the last two years, we were at 100 percent" when it came to contributing to the Providence pension fund.
"Eighty-five percent . . . of Rhode Island tax returns that were filed for the year 2010 . . . were from individuals who earned $30,000 or less."
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