RI pension fund http://ripr.org en The Endless R.I. Public Pension Debate http://ripr.org/post/endless-ri-public-pension-debate <p>When will Rhode Islanders stop debating public employee pensions? RIPR political analyst&nbsp; Scott MacKay says that won’t happen anytime soon.</p><p>As if the 2014 Rhode Island election campaigns won’t provide enough grist for everyone’s political mill, here comes the vote on the proposed public employee pension settlement crafted by their union leaders, Gov. Lincoln Chafee and State General Treasurer Gina Raimondo.</p> Fri, 04 Apr 2014 15:12:09 +0000 Scott MacKay 31538 at http://ripr.org Scott MacKay Commentary: The New RI Public Pension Reality http://ripr.org/post/scott-mackay-commentary-new-ri-public-pension-reality <p>In the famous words of Yogi Berra, `it ain’t over till its over.’ RIPR political analyst Scott MacKay explains why that’s the case with the latest twist in Rhode Island’s public employee pension settlement.</p><p></p><p></p><p>In many a long legal &nbsp;battle, a settlement reached out of court marks the end of a contentious lawsuit. The opposing parties shake hands and sometimes share an odd drop. Then they put the dispute behind them.</p> Sun, 16 Feb 2014 20:56:29 +0000 Scott MacKay 29230 at http://ripr.org Scott MacKay Commentary: The New RI Public Pension Reality RI Pension Settlement more start than end of debate http://ripr.org/post/ri-pension-settlement-more-start-end-debate <p>In the famous words of Yogi Berra, `it ain’t over till its over.’ RIPR political analyst Scott MacKay explains why that’s the case with the latest twist in Rhode Island’s public employee pension settlement.</p><p>In many a long legal &nbsp;battle, a settlement reached out of court marks the end of a contentious lawsuit. The opposing parties shake hands and sometimes share an odd drop. Then they put the dispute behind them.</p> Sat, 15 Feb 2014 20:04:08 +0000 Scott MacKay 29201 at http://ripr.org The Politics of the RI Pension Settlement http://ripr.org/post/politics-ri-pension-settlement <p>In most protracted court battles, a settlement reached after tortuous year-long negotiations marks the end of a lawsuit and allows the parties to move forward. Often the lawyers celebrate and perhaps even share an odd drop together.</p><p>That wasn’t the case Friday. The &nbsp;proposed legal settlement between the state and the unions that represent public school teachers and state employees and retirees is just the beginning of a cumbersome ratification process that is sure to become ensnared in what is shaping up as a contentious political campaign season in Rhode Island.</p> Fri, 14 Feb 2014 23:31:50 +0000 Scott MacKay 29162 at http://ripr.org Chafee, Raimondo, Fox, Paiva Weed get closed-door pension briefing http://ripr.org/post/chafee-raimondo-fox-paiva-weed-get-closed-door-pension-briefing <p>This just in from RIPR's Ian Donnis:</p><p><img id="cboxPhoto" src="http://mediad.publicbroadcasting.net/p/wrni/files/201303/Fox%20%2B%20Gina%2003-21-13.JPG" style="border: medium none; display: block; float: none; margin-left: auto; margin-right: auto;" /></p><p>Gov. Lincoln Chafee, State &nbsp;Treasurer Gina Raimondo, House Speaker Gordon Fox and Senate President Tersea &nbsp;Paiva Weed met privately at the State House this afternoon for&nbsp; a 90-minute closed-door briefing on the proposed state pension overhaul legal settlement.</p> Mon, 10 Feb 2014 20:55:43 +0000 Scott MacKay 28931 at http://ripr.org Raimondo's retort to pension critics: Send her campaign cash http://ripr.org/post/raimondos-retort-pension-critics-send-her-campaign-cash <p>So here is State General Treasurer Gina Raimondo’s response to criticism of her state pension investment strategy: Send campaign cash!</p><p>In an e-mail message, Raimondo denounces critics of her pension investments as partisans. ``You might haved seen the latest round of attacks against me by a `pension expert’ who was paid tens of thousands of dollars by a Rhode Island special interest group to criticize our work stabilizing our state’s failing pension system. Make no mistake: These attacks were personal, recycled an an attempt to take down pension reform.’’</p> Mon, 21 Oct 2013 21:02:36 +0000 Scott MacKay 23557 at http://ripr.org New York Times columnist questions Raimondo's pension investment strategy http://ripr.org/post/new-york-times-columnist-questions-raimondos-pension-investment-strategy <p>The disputes over State General Treasurer Gina Raimondo’s pension investment strategy rages on. The latest &nbsp;salvo comes from Gretchen Morgenson, the respected financial columnist for the New York Times.</p> Sun, 20 Oct 2013 17:22:43 +0000 Scott MacKay 23492 at http://ripr.org Raimondo: Pension Fund up by 11%, but Vulnerable to Economic Crises http://ripr.org/post/raimondo-pension-fund-11-vulnerable-economic-crises <p>Rhode Island’s pension fund earned a return on its investment of a little more than 11 percent for the fiscal year that ended June 30th. But state Treasurer Gina Raimondo is sounding a warning about the future of the state’s pension plan.</p><p></p><p>The 11.1 percent earned by the state pension fund is a big improvement over the 1.4 percent return a year earlier. Still, Rhode Island fared a bit worse than the 12.5 percent earned by the country’s largest public employee pension system, CALPERS, over the same period.</p> Wed, 24 Jul 2013 19:17:52 +0000 Ian Donnis 18952 at http://ripr.org Raimondo: Pension Fund up by 11%, but Vulnerable to Economic Crises Is EngageRI secrecy hurting Raimondo? http://ripr.org/post/engageri-secrecy-hurting-raimondo <p>In politics, as in pensions, assets can turn into liabilities. RIPR political analyst Scott MacKay wonders if an advocacy group for pension overhaul that doesn’t need to disclose its members has become state Treasurer Gina Raimondo’s Achilles heel.</p> Thu, 11 Apr 2013 16:08:43 +0000 Scott MacKay 13416 at http://ripr.org