RI pension overhaul

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A multi-day hearing to assess the fairness of the state’s proposed pension settlement is scheduled to start Wednesday in Superior Court. Most of the public employees involved in the case have already approved the settlement.

Superior Court Judge Sarah Taft-Carter last month set a timeline for moving ahead with the pension deal. About 65 people with concerns about the settlement have asked to speak in front of the judge.

The so-called fairness hearing is expected to last three to five days. The hearing will begin with expert testimony about each side of the pension case.

John Bender / RIPR

Governor Gina Raimondo marked her 100th day in office Thursday. Raimondo is taking part in several events to mark the occasion.

    

Along with two other appearances, Governor Raimondo is celebrating the 100th anniversary of two northern Rhode Island businesses, Yacht Club Soda and Navigant Credit Union.

Raimondo won election in November as the state’s first female governor. Since taking office, she’s dealt with severe winter weather and touted her proposed budget as a way to revitalize Rhode Island’s economy.

Kristin Gourlay / RIPR

Documents to formalize a settlement of the state pension lawsuit were filed Monday in Superior Court . The settlement faces several hurdles to be completed.

Lawyers announced in court earlier this month that most public employee unions and retirees had agreed to a proposed settlement to the legal challenge over Rhode Island’s 2011 pension overhaul. The attorneys are now following up by filing documents outlining the agreement.

The proposed settlement of Rhode Island’s pension conflict is slated for discussion Wednesday by the state retirement board.

An agenda for the meeting indicates the Employees Retirement System may discuss the pension issue during a closed executive session.

A settlement to end most of the court challenges to the 2011 overhaul of the state pension system was unveiled last Thursday. Governor Gina Raimondo says the deal preserves more than 90 percent of the savings from the 2011 overhaul.

The next court update on the settlement process is slated for Monday.

RIPR FILE

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.

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