Tue November 1, 2011
The Pench What's Next: Municipalities testify on pension plan
By IAN DONNIS
PROVIDENCE, RI – Leaders of Rhode Island cities and towns will be making their case to the General Assembly's joint Finance Committee on what they need from the proposed pension overhaul plan.
There are 36 locally managed pension plans in 24 different communities. Many of them have just a small percentage of the money needed to meet their long-term commitments.
The mayors of Providence, Cranston, and other municipal officials say they need more state help to make their pensions solid.
Governor Lincoln Chafee has said he's willing to consider the mayors' ideas.
This morning's joint Finance Committee meeting starts at 11 o'clock in Room 35 at the Statehouse.
More from our series "The Pench What's Next" can be found here.
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