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Wed July 25, 2012
Raimondo not predicting outcome of pension lawsuit
As might be expected for an elected official, state Treasurer Gina Raimondo isn’t making any bold predictions about the outcome of a court case challenging last year’s pension overhaul.
Raimondo says her office will work energetically to defend the overhaul, but she adds:
“I think it’s premature to say precisely what the winning arguments are in this case.”
Raimondo wouldn’t go so far as to predict an outcome. The treasurer does warn, however, of a sharp impact if the state winds up losing in court:
“If this law is overturned, the state will send a bill this fiscal year to municipalities of about $102 million. That means a $13 million bill to the City of Providence, an $11 million bill to the City of Cranston, $7 million bill to Pawtucket, $6 million bill to Woonsocket. So the numbers are substantial . . .”
The litigation by a series of unions is moving into the discovery phase. Superior Court Judge Sarah Taft-Carter is expected to make a decision in the case before the start of the next fiscal year on July 1, 2013.