A Superior Court judge has approved pension settlement in Providence with retirees and current workers. Judge Sarah Taft-Carter is expected to finalize the agreement next month.
The Providence pension settlement includes freezing cost of living adjustments, scaling back future benefits and moving retirees over to Medicare.
In her decision, Taft-Carter calls the settlement fair, reasonable, and adequate. Providence Mayor Angel Taveras calls the approval a significant step to finalizing the city’s pension agreement.