RI pension fund

On Politics
11:12 am
Fri April 4, 2014

The Endless R.I. Public Pension Debate

When will Rhode Islanders stop debating public employee pensions? RIPR political analyst  Scott MacKay says that won’t happen anytime soon.

As if the 2014 Rhode Island election campaigns won’t provide enough grist for everyone’s political mill, here comes the vote on the proposed public employee pension settlement crafted by their union leaders, Gov. Lincoln Chafee and State General Treasurer Gina Raimondo.

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Scott MacKay Commentary
3:56 pm
Sun February 16, 2014

Scott MacKay Commentary: The New RI Public Pension Reality

An out of court settlement marks the end of a contentious lawsuit over public pensions.
Credit RIPR FILE

In the famous words of Yogi Berra, `it ain’t over till its over.’ RIPR political analyst Scott MacKay explains why that’s the case with the latest twist in Rhode Island’s public employee pension settlement.

In many a long legal  battle, a settlement reached out of court marks the end of a contentious lawsuit. The opposing parties shake hands and sometimes share an odd drop. Then they put the dispute behind them.

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On Politics
3:04 pm
Sat February 15, 2014

RI Pension Settlement more start than end of debate

In the famous words of Yogi Berra, `it ain’t over till its over.’ RIPR political analyst Scott MacKay explains why that’s the case with the latest twist in Rhode Island’s public employee pension settlement.

In many a long legal  battle, a settlement reached out of court marks the end of a contentious lawsuit. The opposing parties shake hands and sometimes share an odd drop. Then they put the dispute behind them.

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On Politics
6:31 pm
Fri February 14, 2014

The Politics of the RI Pension Settlement

In most protracted court battles, a settlement reached after tortuous year-long negotiations marks the end of a lawsuit and allows the parties to move forward. Often the lawyers celebrate and perhaps even share an odd drop together.

That wasn’t the case Friday. The  proposed legal settlement between the state and the unions that represent public school teachers and state employees and retirees is just the beginning of a cumbersome ratification process that is sure to become ensnared in what is shaping up as a contentious political campaign season in Rhode Island.

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On Politics
3:55 pm
Mon February 10, 2014

Chafee, Raimondo, Fox, Paiva Weed get closed-door pension briefing

This just in from RIPR's Ian Donnis:

Gov. Lincoln Chafee, State  Treasurer Gina Raimondo, House Speaker Gordon Fox and Senate President Tersea  Paiva Weed met privately at the State House this afternoon for  a 90-minute closed-door briefing on the proposed state pension overhaul legal settlement.

The settlement details are scheduled to be released on Wednesday.  The parties to the pension lawsuit have been under a gag order by Superior Court Judge Sarah Taft-Carter for more than a year. None of the state officials in today’s meeting disclosed any settlement details.

On Politics
5:02 pm
Mon October 21, 2013

Raimondo's retort to pension critics: Send her campaign cash

So here is State General Treasurer Gina Raimondo’s response to criticism of her state pension investment strategy: Send campaign cash!

In an e-mail message, Raimondo denounces critics of her pension investments as partisans. ``You might haved seen the latest round of attacks against me by a `pension expert’ who was paid tens of thousands of dollars by a Rhode Island special interest group to criticize our work stabilizing our state’s failing pension system. Make no mistake: These attacks were personal, recycled an an attempt to take down pension reform.’’

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On Politics
1:22 pm
Sun October 20, 2013

New York Times columnist questions Raimondo's pension investment strategy

The disputes over State General Treasurer Gina Raimondo’s pension investment strategy rages on. The latest  salvo comes from Gretchen Morgenson, the respected financial columnist for the New York Times.

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RI News
3:17 pm
Wed July 24, 2013

Raimondo: Pension Fund up by 11%, but Vulnerable to Economic Crises

State Treasurer Gina Raimondo says state pension system earned 11.1 percent.
Credit file / RIPR

Rhode Island’s pension fund earned a return on its investment of a little more than 11 percent for the fiscal year that ended June 30th. But state Treasurer Gina Raimondo is sounding a warning about the future of the state’s pension plan.

The 11.1 percent earned by the state pension fund is a big improvement over the 1.4 percent return a year earlier. Still, Rhode Island fared a bit worse than the 12.5 percent earned by the country’s largest public employee pension system, CALPERS, over the same period.

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On Politics
12:08 pm
Thu April 11, 2013

Is EngageRI secrecy hurting Raimondo?

In politics, as in pensions, assets can turn into liabilities. RIPR political analyst Scott MacKay wonders if an advocacy group for pension overhaul that doesn’t need to disclose its members has become state Treasurer Gina Raimondo’s Achilles heel.

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