pension overhaul

RI News
3:17 pm
Wed July 24, 2013

Raimondo: Pension Fund up by 11%, but Vulnerable to Economic Crises

State Treasurer Gina Raimondo says state pension system earned 11.1 percent.
Credit file / RIPR

Rhode Island’s pension fund earned a return on its investment of a little more than 11 percent for the fiscal year that ended June 30th. But state Treasurer Gina Raimondo is sounding a warning about the future of the state’s pension plan.

The 11.1 percent earned by the state pension fund is a big improvement over the 1.4 percent return a year earlier. Still, Rhode Island fared a bit worse than the 12.5 percent earned by the country’s largest public employee pension system, CALPERS, over the same period.

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Morning News Podcast
10:26 am
Tue March 12, 2013

Tuesday, March 12, 2013

Rhode Island Governor Lincoln Chafee is coming under fire for not releasing a report on Medicaid and food stamps fraud.  The pension settlement reached between Providence and its workers and retirees has been approved.  These stories and more on the RIPR Morning News Podcast.

Do you have insight or expertise on this topic? Please email us, we'd like to hear from you.  news@ripr.org

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On Politics
3:02 pm
Fri February 1, 2013

Mediation to continue in unions' challenge to state pension overhaul

The mediation aimed at settling a legal challenge by a series of unions to the state pension overhaul of 2011 is set to continue through the month of February.

Superior Court Judge Sarah Taft-Carter met Friday morning with the two sides in the case, according to court spokesman Craig Berke. "They are going to continue to mediate," Berke said, adding that Taft-Carter is scheduled to get another update on February 28.

On Politics
4:00 am
Thu November 15, 2012

Boies lured to RI by big national stakes on pensions

The emergence of super-lawyer David Boies in Rhode Island’s high-stakes pension fight — first reported yesterday by RIPR — was triggered by his interest in the even broader significance of the case.

Alison Frankel reports for Thomson Reuters:

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On Politics
2:00 am
Thu November 8, 2012

State motion to dismiss unions’ pension legal challenge on tap for December

Superior Court Judge Sarah Taft-Carter is slated to consider next month a motion by the state to dismiss the challenge filed by a series of unions against Rhode Island’s landmark 2011 pension overhaul.

A hearing on the matter is scheduled for December 7. It is not known how long Taft-Carter will take to make her decision on the motion.

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On Politics
5:34 pm
Tue September 18, 2012

Grand opening of TIAA-CREF Providence office set for Wednesday

TIAA-CREF, the financial services firm selected as the state vendor for Rhode Island’s new defined contribution plan (following last year’s pension overhaul), is set for a grand opening in Providence tomorrow.

Details:

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