settlement

Politics
8:41 am
Tue March 12, 2013

Providence and Unions Reach Pension Agreement

Providence Mayor Angel Taveras
Credit Flo Jonic / RIPR

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.

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Business
7:59 am
Fri February 15, 2013

Toyota to pay RI $.5 million

Rhode Island is one of 29 states that have reached an out of court settlement with the Toyota Corporation over the company’s practice of concealing safety defects related to unintended acceleration.  The Ocean State will receive half a million dollars from the 29-million dollar settlement.  And Toyota will be restricted from advertising the safety of vehicles without engineering data to back up their claims.