Providence, RI – Rhode Island's unemployment rate continues to edge downward, though at a painfully slow rate. The state Department of Labor and Training reports the unemployment rate fell from 11.2 percent in February to 11 percent in March. The number of unemployed residents decreased by 11-hundred to around 63-thousand.
Providence, RI – Rhode Island taxpayers could face a higher tab next year for funding state pensions. That will be the case unless new cuts are made to the pension system.
The unfunded liability for the pension fund has been generally estimated in the area of five billion dollars. But actuaries told the state Retirement Board yesterday that the figure is closer to six-point-eight billion dollars.
Providence, RI – A Pawtucket soldier killed overseas is scheduled to be laid to rest today. Massachusetts National Guard Spc. Dennis Poulin died March 31st at a hospital in Germany after his armored vehicle rolled over in Afghanistan. The 26-year-old graduated from Tolman High School in 2004, and is survived by a young son, his parents, and two sisters.