pension

Pensions
8:43 am
Fri March 1, 2013

State Pension Challenge on Hold as Negotiations Continue

RI State House
Credit Kristin Gourlay / RIPR

A legal challenge to the overhaul of the state pension system will remain on hold as the two sides continue to mediate the dispute.

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Politics
7:48 am
Wed February 27, 2013

Providence Sues Pension Adviser

Providence City Hall
Credit RIPR file

The City of Providence is suing its longtime actuary, claiming the company made a $10 million mistake in pension calculations.

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Politics
4:31 pm
Mon January 28, 2013

Treasurer Raimondo rolls out report on her accomplishments

State treasurer Gina Raimondo has come out with a report documenting her first two years in office.

Raimondo says her biggest accomplishment in her first two years of office was passage of a pension overhaul package for state workers.  While it shaved benefits, it guarantees pensions will be available for generations to come and saves taxpayers about four billion dollars over the next 20 years.

Raimondo also reports eliminating a backlog of 900 claims to the Crime Victim Compensation Program. Some of the claims dated back three or four years.

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Politics
4:51 pm
Thu January 17, 2013

EngageRI reminds Chafee of how pension savings gave him budget flexibility

EngageRI, the pro-pension overhaul group started with encouragement from state Treasurer Gina Raimondo, is reminding Governor Lincoln Chafee of how pension savings made possible many of the initiatives in his new budget.

EngageRI chairman John Galvin says in a statement:

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Politics
4:46 pm
Mon January 7, 2013

Former federal official calls RI pension case "the mother of all mediations"

A former head of the Federal Mediation & Conciliation Service -- the government arm mediating Rhode Island's pension dispute among eight parties -- calls the case "the mother of all mediations."

Peter J. Hurtgen, who led the FMCS from 2002 through 2004, says a subset of the eight parties in mediation could potentially reach some areas of agreement among themselves. But he says the complexity of the case makes it unusually fraught for mediation:

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Politics
12:10 pm
Thu January 3, 2013

Raimondo talks pension and her priorities for 2013

Credit Gina Raimondo

The fate of the 2011 pension overhaul in mediation is among the top issues facing the state starting this month. As we transition into the New Year, Rhode Island Public Radio political reporter Ian Donnis has been talking with state leaders. We’ve already heard from Governor Lincoln Chafee and state Senate president Teresa Paiva Weed…. Our latest interview is with state Treasurer Gina Raimondo.

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Politics
2:41 pm
Wed January 2, 2013

Mediating the RI pension case -- and what it means for 2014

The court-ordered pension mediation set to begin this month will take place against an intensifying political backdrop: the early stage of the 2014 gubernatorial race. State Treasurer Gina Raimondo says politics can remain separate and apart from the mediation process.

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Politics
11:20 am
Wed January 2, 2013

Firefighters vote on revised deal

(PROVIDENCE, RI) Providence firefighters vote Wednesday on a revised deal with the city. Paul Doughty, president of the city’s firefighters union, says members are voting on a couple of changes, but the most important one centers on how well their pension is funded. He says right now the pension is about 30 percent funded. Firefighters will vote on a provision requiring the city to pay at least 95 percent of its yearly contribution until the pension is 80 percent funded.

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Politics
10:24 am
Wed December 26, 2012

Governor Chafee on settling pension issue

Governor Lincoln Chafee says he and the General Assembly have most of the authority to approve a settlement in a legal challenge to last year’s landmark pension overhaul. Court-ordered mediation is set to begin next month.
State treasurer Gina Raimondo was the architect of the pension overhaul passed last year by the General Assembly and signed into law by the governor. Raimondo and Chafee are both defendants in the legal challenge filed by five public-sector unions against the overhaul.
Chafee says approval by Raimondo isn’t necessarily part of a settlement in the case.

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Politics
1:59 pm
Mon December 24, 2012

Chafee says approving a pension settlement is mostly up to him and the General Assembly

As the two sides in Rhode Island's pension lawsuit prepare for court-ordered mediation next month, Governor Lincoln Chafee says the authority to approve a settlement rests largely with him and the General Assembly.

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