pension

On Politics
5:19 pm
Fri April 3, 2015

TGIF: 19 Things to Know About Rhode Island Politics & Media

Thanks for stopping by for my weekly column, recapping another eventful week in Rhode Island. As always, your tips and feedback is welcome, and you can follow me on the twitters. Best wishes to my readers for Easter and Passover. Here we go.

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RI News
6:36 pm
Thu April 2, 2015

Raimondo Says Pension Deal Helps RI Move Forward

Gov. Gina Raimondo addresses reporters about the proposed settlement agreement. State treasurer Seth Magaziner (left) joined her.
Credit Kristin Gourlay / RIPR

A proposed settlement agreement has been reached on public employee pensions. Gov. Gina Raimondo says she’s pleased with the deal.

The settlement agreement resolves six of nine lawsuits against the state of Rhode Island over retirees’ pensions. It preserves most of the savings Raimondo won from an earlier pension overhaul. But it gives back some benefits to retirees. Now, says Raimondo, the state can begin to put the issue in the rear view mirror.

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RI News
4:21 pm
Thu April 2, 2015

Settlement Presented In Pension Case; May 18 Deadline For Implementation

NEARI executive director Robert Walsh talks with reporters regarding the proposed settlement.
Credit John Bender / RIPR

A Superior Court judge has set a timeline to move forward with a settlement in the court case over the state pension overhaul.

The agreement still needs approval from the General Assembly, and it would not completely end the long-running legal dispute. The deal would cost taxpayers roughly $32 million more each year to pay for pension costs, while preserving, according to Governor Gina Raimondo, about 90 percent of the savings from the pension overhaul she spearheaded in 2011.

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RI News
9:50 am
Thu April 2, 2015

Settlement In State Pension Case Could Be Announced As Early As Thursday

A settlement over the state's 2011 pension overhaul could be reached Thursday.
Credit RIPR FILE

A settlement to Rhode Island's pension conflict may be announced Thursday.

House Speaker Nicholas Mattiello said through his spokesman that a settlement may be at hand. The state has offered modest improvements on a settlement offer rejected last year in an attempt to end the pension dispute. Hanging in the balance is $4 billion in savings for the state pension plan.

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RI News
9:09 am
Thu March 26, 2015

Judge Considering Motions In Pension Case

The judge overseeing the state pension conflict is slated to hear arguments on a number of motions Thursday.  The window for voting on a proposed settlement ends Friday.

A series of public-employee unions are suing over changes made to their benefits as part of a 2011 overhaul of the state pension system. That conflict will move ahead in court next month, unless there’s a settlement in the case.

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