pensions

Politics
4:00 am
Wed December 17, 2014

Providence Mayor Angel Taveras: "We Did Everything That We Could"

Credit Ian Donnis

Providence Mayor Angel Taveras is getting ready to leave City Hall after a tumultuous few years. Taveras lost his bid to become governor, but he takes credit for helping to stabilize Providence's finances. The mayor talked about his record and what's next during a wide-ranging exit interview.

Read more
On Politics
4:44 pm
Fri October 3, 2014

TGIF: 10 Things to Know About Rhode Island Politics & Media

With just over a month until Election Day, the post-primary lull is rapidly fading into the past. So thanks for stopping by, feel to send your tips and thoughts my way at idonnis (at) ripr (dot) org, and to follow me on the twitters. Here we go:

Read more
On Politics
2:20 pm
Mon November 25, 2013

Anticipation Grows About Possible Deal in Pension Talks

Speculation is growing that a deal may have been reached in the pension mediation talks first ordered in December 2012 by Superior Court Judge Sarah Taft-Carter.

Read more
Political Roundtable
4:00 am
Fri November 15, 2013

Political Roundtable: Obamacare, Tax Stabilizations in Providence + the LG Race

Credit Ian Donnis/File Photo / RIPR

Pablo Rodriguez joins the Political Roundtable this week as we discuss the troubled rollout of Obamacare; back and forth over pensions; the merits of tax stabilization in Providence; and the Democratic race for lieutenant governor.

Read more
Political Roundtable
4:00 am
Fri October 25, 2013

Bonus Q+A: Magaziner on Hedge Funds, Economic Development + Teach For America

Democratic Treasurer candidate Seth Magaziner joins Bonus Q+A to talk about his campaign a host of other issues, including pension management, hedge funds, using the treasurer's office to create jobs, and whether being 30 is an advantage or a disadvantage as a candidate.

Read more
On Politics
12:44 pm
Thu September 26, 2013

Rolling Stone Calls Pension Cuts a Wall Street Giveaway; Raimondo's Office Fires Back

Rolling Stone uses this illustration with Matt Taibbi's story on pension cuts.

Here's how a Rolling Stone headline sums up muckraker Matt Taibbi's story on the pension overhaul championed in Rhode Island by state Treasurer Gina Raimondo in 2011: "Looting Pension Funds. All Across America, Wall Street is grabbing money meant for public workers."

The first comment from Raimondo comes eight pages into the story, the equivalent of an 11-page printout, after Taibbi presents his case in his signature profanity-laden style.

Read more
Politics
8:18 am
Wed August 7, 2013

Mediation Continues Between Unions and the State Over Pension Overhaul

General treasurer Gina Raimondo was critical to the 2011 pension overhaul, over which the two parties are now in mediation.
Credit RIPR FILE

Mediation is set to continue over the challenge by a series of public-employee unions to an overhaul of the state pension system in 2011.

The outcome of the case has big implications for the state.The two sides in the pension case have repeatedly asked for more time to mediate their differences. Following another such request, the next update is slated before Superior Court Judge Sarah Taft-Carter on September 5th. Taft-Carter was the one who ordered mediation in the case last December.

Read more
Politics
8:02 am
Thu June 13, 2013

Audit Finds State Retirees Received Thousands in Disability Pension Overpayment

State Treasurer Gina Raimondo announced that six state retirees received $560 thousand in disability pension overpayment.
Credit Ian Donnis / RIPR

An audit shows that six state retirees received a combined overpayment of almost 560-thousand dollars in disability pensions. The state retirement system is working with law enforcement to determine whether to pursue criminal or civil charges against the individuals.

In a statement, state Treasurer Gina Raimondo said the retirees received the overpayments between 2001 and the end of 2011. Raimondo, who chairs the state Retirement Board, said disability pensions have been suspended for the six individuals.

Read more
On Politics
1:25 pm
Wed June 12, 2013

Audit Shows Six Individuals Received $558K in Disability Pension Overpayments

Six people with disability pensions through the state retirement system received almost $560,000 in overpayments, an audit shows.

The findings were announced by state Treasurer Gina Raimondo, who chairs the state Retirement Board. She says they were revealed by the Employees' Retirement System of Rhode Island (ERSRI) and the auditing firm of Sullivan & Company.

Raimondo says the overpayments took place between 2001 and the end of 2011.

Read more
On Politics
2:30 pm
Wed June 5, 2013

State's Largest Public-Employee Union Hires Critic of Raimondo

AFSCME's Council 94, the largest union of state public employees, has hired pension expert Edward "Ted" Siedle, whose Forbes.com piece in April sparked debate about state Treasurer Gina Raimondo's heightened allocation of hedge funds in the $7 billion state pension fund.

Read more

Pages