Statements about Pensions

"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."

"If they made no changes whatsoever, the [state employees pension] plan still had enough money to go forward for approximately the next 16 years."

"The job [of correctional officer] lowers your life expectancy . . . Metropolitan did a study in, I believe it was 1998, and the life expectancy was 58."

"No other public or private business in America" except for the U.S. Postal Service must fund 100 percent of employee retirement and retirement health costs in advance.

Rhode Island Treasurer Gina Raimondo "raised the mortality rate from 65 to 87" and "used a 1994 annuity chart" to create the pension crisis.

"If Rhode Island does a hybrid [retirement] plan we’ll be the first state in the nation to do this.’’

"The State of Rhode Island has the worst state-funded pension in the country."

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