municipal pension http://ripr.org en RI Pension Deal Details Unveiled, Pension Board OKs Plan http://ripr.org/post/ri-pension-deal-details-unveiled-pension-board-oks-plan <p>The state retirement board voted in closed session Friday afternoon to approve a proposed pension settlement. The board met in executive session for nearly an hour, ending in a vote of 6 – 1, with 5 abstentions.</p><p></p> Fri, 14 Feb 2014 20:43:12 +0000 Catherine Welch, Ian Donnis, Scott MacKay & Dave Fallon 29160 at http://ripr.org RI Pension Deal Details Unveiled, Pension Board OKs Plan Providence pension deal gets final approval; challenges remain http://ripr.org/post/providence-pension-deal-gets-final-approval-challenges-remain <p></p><p>In what Providence Mayor Angel Taveras calls a historic day, Superior Court Judge Sarah Taft-Carter gave final approval Friday for a deal that will reduce the capital city's $900 million+ unfunded pension liability by $178 million. The agreement followed negotiations between the city and police and fire unions and municipal retirees.</p><p>"Today is the end of a long, long road that we've traveled," Taveras said in an interview. "I feel a lot of relief and gratitude to all the employees and retirees especially who have agreed to help the city."</p> Fri, 12 Apr 2013 17:02:36 +0000 Ian Donnis 13488 at http://ripr.org Providence pension deal gets final approval; challenges remain Cranston Mayor Makes "Breakthrough" Pension Deal http://ripr.org/post/cranston-mayor-makes-breakthrough-pension-deal <p>Cranston Mayor Allan Fung announced an agreement Monday to improve the condition of one of the worst funded municipal pensions in the state.</p><p>Fung says the deal will save Cranston $6.5 million in pension costs over the next fiscal year while solving a lingering problem.</p><p>“This issue has been an albatross over the city for decades, close to half a century, and this agreement shows the progress that can be made when all parties come together in a spirit of cooperation,” said Fung.</p> Mon, 08 Apr 2013 19:30:05 +0000 Ian Donnis 13229 at http://ripr.org Cranston Mayor Makes "Breakthrough" Pension Deal