pension

On Politics
2:35 pm
Mon March 17, 2014

April 3 Deadline Slated in First Vote on Proposed RI Pension Settlement

Ballots have been mailed to union members and retirees who are eligible to participate in the first round of voting on the proposed pension settlement that was unveiled February 14, according to Ray Sullivan, a spokesman for the plaintiffs' coalition the case. The deadline for returning the ballots is April 3.

Sullivan says a self-addressed, postage-paid envelope has been provided with the ballot. He says the ballots will tabulated by ProMail, which he says is an independently administered firm.

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Political Roundtable
4:00 am
Fri March 14, 2014

Bonus Q&A: Raimondo on Wall Street, Hedge Funds, Transparency, Inequality & More

Democratic gubernatorial candidate Gina Raimondo joins Bonus Q+A to discuss government transparency, Wall Street, how to reduce inequality, hedge fund investments in the state pension, and much more.

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On Politics
3:29 pm
Mon February 17, 2014

Fox, Paiva Weed Offer Non-Committal Statement on Proposed Pension Settlement

Senate President Teresa Paiva Weed, along with Gordon Fox, has issued a statement on the proposed pension settlement.
Credit Flo Jonic / RIPR

In their first comment since a proposed pension settlement was unveiled Friday afternoon, House Speaker Gordon Fox and Senate President Teresa Paiva Weed steer clear of either endorsing or opposing the deal.

Here's a joint statement from the two legislative leaders:

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RI News
3:43 pm
Fri February 14, 2014

RI Pension Deal Details Unveiled, Pension Board OKs Plan

State treasurer Gina Raimondo and Retirement Board member Michael Robinson announce the 6-1 vote on the proposed pension settlement.
Credit Catherine Welch / RIPR

The state retirement board voted in closed session Friday afternoon to approve a proposed pension settlement. The board met in executive session for nearly an hour, ending in a vote of 6 – 1, with 5 abstentions.

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Pension Overhaul
12:49 pm
Fri February 14, 2014

Pension Settlement Appears To Be Back On Track After Snag

A settlement in the state Pension lawsuit appears be back on track after a delay in an announcement earlier in the week.
Credit RIPR FILE

A settlement that could end a legal dispute over the 2011 overhaul of the state pension system is expected to be unveiled Friday. The deal appears back on track after hitting a snag earlier this week.

The federal mediation service that has overseen more than a year of closed-door pension talks is set to hold a news conference (4:15 pm) at a state building near the Statehouse. The subject is expected to be a proposed settlement between the state and a series of public-employee unions.

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Economy
9:23 am
Wed February 12, 2014

Pension Settlement Unveiling Delayed

An announcement of the pension settlement has been delayed.
Credit Kristin Gourlay / RIPR

The details of a settlement that could end a legal challenge to a 2011 overhaul of the state pension system were expected to be unveiled Wednesday. But that announcement has been delayed indefinitely. 

Yet even when details are made public, what will happen next remains unclear.

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On Politics
3:34 pm
Tue February 11, 2014

Fung Calls For Immediate Release of Details on Pension Settlement

Republican gubernatorial candidate Allan Fung is calling for the immediate release of details about a settlement of the state pension dispute.

The federal mediation service that oversaw more than a year of closed-door talks plans to unveil the details during a news conference Wednesday afternoon.

In a statement, Fung say it’s past time to let local officials on what was discussed during months of closed-door talks.

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On Politics
5:04 pm
Fri February 7, 2014

TGIF: 15 Things to Know About Rhode Island Politics & Media

Thanks for stopping by for a visit with my weekly column. Your tips and thoughts are always welcome via idonnis (at) ripr (dot) org, and you can follow me all week long on the twitters.

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Politics
1:35 pm
Fri February 7, 2014

Watch Continues on Possible Settlement in Pension Case

Speculation continues about whether a settlement will emerge from closed-door pension mediation as soon as next week.

The head of the Rhode Island League of Cities and Towns, Daniel Beardsley, is worried that a settlement could hike pension costs for communities by more than $100 million. The league outlines its concerns in a new white paper. But as Beardsley says, it remains unclear if the General Assembly will be receptive to approving a settlement.

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RI News
1:48 pm
Mon January 13, 2014

Raimondo Kicks Off Campaign For Governor, Rolls Out Ideas

State treasurer Gina Raimondo announces her bid for governor in Pawtucket.
Credit Ian Donnis / RIPR

Democratic gubernatorial candidate Gina Raimondo started fleshing out her vision for Rhode Island as she formally announced her campaign Monday morning.

Raimondo emphasized the economy, laying out ideas that include writing off some college loans to encourage grads to stay in Rhode Island, creating a funding formula for road and bridge improvements, and establishing an institute to foster growth-sector jobs.

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