pension

Politics
2:19 pm
Mon December 17, 2012

Raimondo hires new chief investment officer for state

State Treasurer Gina Raimondo has hired Anne-Marie Fink as the state's chief investment officer, replacing Kenneth Goodreau, who, Raimondo says, is leaving after four years for a CIO job with TIG Advisors, effective January 1. 

Via news release:

Fink will be responsible for managing the state's $7.3 billion dollar pension system. 

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On Politics
4:15 pm
Fri December 14, 2012

Providence police overwhelmingly approve settlement on benefit cuts

Providence police on Thursday approved, by an 89 percent margin, a settlement with the City of Providence that, the city says, saves $18.5 million in the current budget year and cuts the pension plan’s unfunded liability by at least $170 million. The vote, word which came in via mobile phones as city officials joined reporters for a holiday party at the home of David Ortiz, Mayor Angel Taveras’ press secretary, is the latest in a string of negotiated settlements in Providence.

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On Politics
4:47 pm
Thu December 13, 2012

Diossa says EngageRI should disclose its contributors

James Diossa, the mayor-elect of Central Falls, says EngageRI should disclose its contributors in the interest of transparency.

“I’m all about open [government] and honest and transparency, so I believe it should be open,” Diossa said during a taping this morning of RIPR’s Political Roundtable. The segment will air during Morning Edition at 5:40 and 7:40 on Friday.

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Politics
12:22 pm
Wed December 12, 2012

The one percent and Rhode Island's pension overhaul

Old friend (and former ProJo reporter) Mike Corkery of the Wall Street Journal has broken a very interesting Rhode Island pension story. As first picked up by the sharp-eyed Ted Nesi of WRPI_TV, Corkery’s story reveals that a Texas Enron trader billionaire is a hefty contributor to the Engage Rhode Island pension overhaul advocacy group that has been championed by State General Treasurer Gina Raimondo.

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On Politics
5:22 am
Thu October 25, 2012

Raimondo annointed a “brave thinker” by The Atlantic

The Atlantic has the latest media outbreak of Raimondomania:

Once upon a time, politicians across the land found a magical formula for achieving popularity. They kept public employees’ pay low, enabling low tax rates (hooray!); to make up for the low pay, they promised fat pensions down the road (huzzah!). The pensions were funded by gimmicks and wishful thinking. But that would be a problem for future politicians to reckon with.

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