Public employees in Rhode Island are scheduled to vote next week on a proposed deal to settle a lawsuit over Rhode Island’s pension overhaul. The settlement could save the state as much as $4 billion dollars in payments to retired state employees. It could also have benefits for union members. Rhode Island Public Radio political reporter Ian Donnis talks details with RIPR's Elisabeth Harrison.
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.
One of the key issues facing the General Assembly in the new year is the fate of a significant overhaul of the state pension system in 2011. The new legislative session starts Tuesday.
State officials and public employee unions have held closed-door talks for more than a year in an attempt to settle a lawsuit over the pension overhaul. House Speaker Gordon Fox said he opposes any dramatic changes, because the overhaul alleviated pressure on the state budget.