pensions

RIPR

Uncertainty shrouds the future of Care New England Health System, which this week moved one step closer to closing Pawtucket Memorial Hospital when it stopped accepting patients into its intensive care unit.

But a top Care New England executive says Memorial employees can rest assured about one thing: their pension plan.

The heavy winds came, lots of Rhode Islanders lost power, and now we're trying to move on. So thanks for stopping by for my weekly column. As usual, your tips and comments are welcome, and you can follow me through the week on the twitters. Here we go.

Lynn Arditi / RIPR

A proposal to cut 40 percent of the pension benefits for all current and former employees of St. Joseph Health Services of Rhode Island is off the table – at least for now.

Hospital Workers’ Pension Plan On Life Support

Oct 10, 2017
Lynn Arditi / RIPR

Across the country, millions of employees have entrusted their retirement savings to unregulated pension plans known as church plans. Many of these plans are run by church-affiliated schools, nursing homes and hospitals.

And when church plans run into financial trouble, as happened in Rhode Island, the beneficiaries' retirement savings have no government safeguards. 


Ian Donnis/File Photo / RIPR

Robert A. Walsh Jr., executive director of the National Education Association Rhode Island teachers' union, joins Political Roundtable to discuss the 2018 gubernatorial race, the proposed PawSox stadium in Pawtucket, and problems with the pension fund for Our Lady of Fatima Hospital employees.

RIPR File Photo

Providence Mayor Jorge Elorza joins Bonus Q&A to discuss the shadow of corruption; the impact of high taxes; the outlook for the city's pension fund; whether Crimetown is good for Providence; and much more.

  Providence Business News Editor Mark Murphy joins Rhode Island Public Radio's Dave Fallon for our weekly business segment, The Bottom Line. 

This week Mark and Dave speak with Rhode Island Public Radio political commentator and longtime reporter Scott MacKay about unfunded state pensions, and those in the cities and towns across the state.

According to data from the Providence Business News, the sum of those statewide liabilities is more than $5 billion.

When to listen: You can hear The Bottom Line each Friday at 5:50 pm.

Happy New Year! Thanks for reading and listening to our work here at RIPR, and best wishes for 2016 -- a time, no doubt, when Rhode Island politics will remain the gift that keeps on giving. As usual, you can share your tips and thoughts via email, and follow me through the week on the twitters. Here we go.

Providence City Council President Luis Aponte joins Bonus Q+A to discuss the outlook on development in Providence, and a host of other issues, including pensions, Kennedy Plaza, the PawSox, and more.

Ian Donnis / RIPR

House Deputy Whip Christopher Blazejewski (D-Providence) joins Political Roundtable this week to discuss mixed economic news coming out of Rhode Island's capital city; the next step for the PawSox after the death of Jim Skeffington; and the fairness hearing being held on the state pension settlement.

John Bender / RIPR

Robert Walsh, executive director of the National Education Association Rhode Island, joins Political Roundtable this week to discuss Lincoln Chafee's possible presidential run; the proposed settlement of the state pension conflict; and what's ahead for public education.

Ian Donnis

Providence Mayor Angel Taveras is getting ready to leave City Hall after a tumultuous few years. Taveras lost his bid to become governor, but he takes credit for helping to stabilize Providence's finances. The mayor talked about his record and what's next during a wide-ranging exit interview.

With just over a month until Election Day, the post-primary lull is rapidly fading into the past. So thanks for stopping by, feel to send your tips and thoughts my way at idonnis (at) ripr (dot) org, and to follow me on the twitters. Here we go:

Speculation is growing that a deal may have been reached in the pension mediation talks first ordered in December 2012 by Superior Court Judge Sarah Taft-Carter.

Ian Donnis/File Photo / RIPR

Pablo Rodriguez joins the Political Roundtable this week as we discuss the troubled rollout of Obamacare; back and forth over pensions; the merits of tax stabilization in Providence; and the Democratic race for lieutenant governor.

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