Statements about Retirement
"Today, you can't rely on (the retirement fund for public employees), it's not funded."
Says pension contributions under Gov. Chris Christie would represent "75 percent of the total contribution made between the years 1995 and 2010. That's right, in 15 years, total state contribution was only $2.1 billion."
"When my grandfather came to this country back in 1925, there were no government benefits."
"The Republicans just voted last year to end Medicare."
"If you sell your house after 2012 you will pay a 3.8 percent sales tax on it."
"Gov. Romney cut off kosher meals for Jewish senior citizens who were on Medicaid to save $5 a day."
"And by the way, when I was governor, I did make the payment into the pension fund."
"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.
"(Chris Christie) has not paid one dollar of state money into our pension system, and then states that the system is broke."
"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."
"Sixty-percent of the state retirees...don’t get Social Security.’’
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.’’
"A recent Department of Labor study guessed Wall Street fees cost a worker 28 percent of the value of your plan over the span of your career."
"This is the first time in our state, and one of the first times in the country, where benefit reductions . . . has happened to people who are retired."
"In the past six years alone, changes to the pension formula … have saved over half a billion dollars."
"Poverty among Americans 65 and over is statistically unchanged" in recent years because of Social Security.
"The average state pension, including managers, is $23,000 a year; and just $14,000 for local government workers."
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.
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