RI pension fund

On Politics
2:08 pm
Fri March 20, 2015

Scott MacKay Commentary: Time For A Rhode Island Pension Deal

Votes are set to be cast this week for a settlement in the state's pension lawsuit.
Credit RIPR FILE

Once again, Rhode Island politics is ensnared in a public employee pension controversy. RIPR political analyst Scott MacKay says it’s time to put this issue in our collective rear view mirror.

It’s well past time to get beyond the noisy debate over public employee pensions in Rhode Island. It’s a joust that has ensnared  the Statehouse for more than a generation. It has long pitted the business community against public employees and their union leaders, fractured relations between conservatives and liberals and led to tortuous attempts for years to shore up the system.

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On Politics
4:15 pm
Wed December 31, 2014

80th Anniversary of the day that changed RI politics forever

Eighty years ago, Rhode Island Democrats took over state government with one fell swoop in a coup that became known as the Bloodless Revolution. The event has set the template for Rhode Island politics ever since.

In just 14 minutes at the State House on New Year’s Day, 1935, the Democrats took control of the General Assembly, replaced the entire Rhode Island Supreme Court,  consigned to the dustbin of history more than 80 boards and commissions and fired Republican appointees who had run state government forever.

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On Politics
4:25 pm
Fri November 21, 2014

Scott MacKay Commentary: Is The Mattiello-Paiva Weed Geezer Tax Cut Plan Realistic?

House Speaker Nicholas Mattiello and Senate President Teresa Paiva-Weed propose ending taxes on pensions and social security.
Credit RIPR FILE

Rhode Island’s Democratic General Assembly leaders want to exempt pensions and social security from state income taxes. RIPR political analyst Scott MacKay wonders if this makes sense in our cash-strapped state government.

House Speaker Nick Mattiello, D-Cranston and Senate President Teresa Paiva Weed, D-Newport, have both said that one of their top priorities when the Assembly convenes in January is legislation that would end income taxes on pensions and social security.

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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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