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Pension Reform
1/7/12
Raimondo pension lawsuit seen risking bankruptcies
Rhode Island Treasurer Gina Raimondo championed an overhaul last year of one of the nation’s worst- funded public pensions, setting out a road map for states and cities by curbing benefits and delaying retirements. more
38 Studios tells court it missed sales goal
In a reversal of public statements made in the wake of the revelations of its financial difficulties, executives of 38 Studios LLC told U.S. Bankruptcy Court in Delaware that its its first product, the video game “Kingdoms of Amalur: Reckoning,” did not meet its sales expectations. more
| 7/10/12
38 Studios declares bankruptcy as formal investigation begins
(Updated 6:00 p.m.) Former Red Sox pitcher Curt Schilling’s beleaguered video game company 38 Studios LLC has declared bankruptcy as a formal investigation of the company begins. more
| 6/7/12 | 1 comment
Warwick reaches agreement with Fire, Police
The city of Warwick has reached new, three-year contracts with the city’s fire and police unions, Mayor Scott Avedisian announced Monday. more
| 7/3/12
Providence breaks $700,000 pension link joining nationwide insolvency fight
Providence lawmakers - facing a $1 billion deficit and squeezed for cash - reformed pensions, ending automatic raises and capping annual payouts and joining a national insolvency fight over pensions. more
Chafee stands firm against Schilling accusations
Gov. Lincoln D. Chafee Tuesday rejected 38 Studios LLC founder Curt Schilling’s suggestion that Rhode Island sabotaged the beleaguered video game company and drove potential investors away with public comments about its potential demise. more
38 Studios claims state withheld funds from ‘negotiated deal’
Former Red Sox pitcher Curt Schilling’s bankrupt video game company, 38 Studios LLC, claimed that the state of Rhode Island refused to honor a “fully negotiated deal and agreement” to give the company funding from film tax credits, reported The Boston Globe. more
| 6/18/12 | 1 comment
R.I., EDC sue Schilling, Stokes and 12 others on 38 Studios
(Updated, 5:00 p.m.) The state and R.I. Economic Development Corporation sued 38 Studios LLC founder Curt Schilling and 13 other institutions or individuals connected with the failed $75 million loan guarantee to the video company for allegedly misleading state officials about the deal’s risks. more
Public sector workers digging in to save pensions under assault
Leaders of the largest U.S. union of public-sector workers are vowing to fight efforts by state and local governments to balance their budgets with cuts to employee benefits even as voters have sided with that strategy. more
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