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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.
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By Michael McDonald |
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NEW YORK – Moody’s Investors Service – a globally recognized rating agency – has downgraded the town of Johnston’s general obligation rating from A2 to A3, outlook ‘negative.’
The …
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By PBN Staff
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Texas public pensions said moving away from traditional defined-benefit plans wouldn’t shrink their unfunded liabilities, in contrast to money-saving steps to end lifetime guarantees by states from Rhode Island to Kansas.
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By Kathy Warbelow |
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Rhode Island’s General Obligation Bond sale this week was a success and demand exceeded expectations, according to Gov. Lincoln D. Chafee and General Treasurer Gina M. Raimondo.
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By PBN Staff
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The Providence firefighters union has settled its two outstanding Medicare and pension lawsuits with the city, the union announced Thursday.
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By PBN Staff
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Superior Court Associate Justice Sarah Taft-Carter has ordered the parties involved in the state pension reform litigation into mediation, the R.I. Judiciary announced Tuesday.
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By PBN Staff
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It has been an exciting, if tumultuous, year in the Ocean State. As 2012 comes to a close, Providence Business News looks back on the biggest news stories of the year.
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By Emily Greenhalgh |
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City actuaries have labeled Warwick’s Police and Fire I pension plan as “critical,” according to a letter circulated by Warwick City Councilman Joseph Solomon.
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By PBN Staff
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1/7/12
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Providence police officers have approved the package of pension and retirement benefit changes agreed to with the city in May, clearing the way for its implementation. Police were the last group of rank-and-file municipal employees to ratify the landmark cost-cutting settlement.
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By Patrick Anderson |
