Statements about Pensions
Rhode Island's state pension system "underperformed the median three out of the four years that Mr. [Frank] Caprio was in office."
Cranston's 2014-2015 "budget funds 100 percent of the local police and fire pension and other retiree benefit costs."
"I am the only senator who turned down the state pension plan for part-time legislators."
A poll taken "a few months ago" found "70 percent approval or higher" for the Act 10 collective bargaining law.
"We see a quarter-billion dollars in a pension fund that needs to be funded at $1.2 billion."
Members of the military don’t "contribute toward their pension."
"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."
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