Updated December 5 at 12:29am
Pension Reform
20 results total, viewing 11 - 20
Following a Friday R.I. Superior Court ruling in favor of Cranston Mayor Allan W. Fung’s decision to freeze yearly benefit increases, the plaintiffs, a group of retired Cranston police and firefighters, announced plans to appeal the decision to the R.I. Supreme Court. more
Accountants, actuaries, politicians and union leaders are scheduled to meet on Friday to discuss the looming Rhode Island crisis related to public pensions and other post-employment benefits at a seminar dubbed “The Gathering Storm.” more
Mayor Jorge O. Elorza on Monday announced a year-end operating surplus of $9.5 million, which will be used to pay down the city’s multimillion dollar structural deficit. more
Fitch Ratings has upgraded the city’s outstanding General Obligation bonds to A- from BBB-, and its Issuer Default Rating to BBB from BBB-. more
R.I. Taxpayers is no longer. The association, which said it advocated for “honest, effective and fiscally sound government on behalf of individual and business taxpayers” and published a newsletter called Taxpayer Times five days a week, stopped operations on Thursday. more
A change in accounting standards that will require governments to start disclosing the amount of unfunded pension and retiree benefits on yearly balance sheets could put new pressure on public officials to step up payments on these plans, according to speakers at a conference organized by Donoghue Barrett & Singal P.C. and the Rhode Island League of Cities and Towns. more
Gov. Gina M. Raimondo says that when out-of-state business leaders see her coming, they know what's about to happen. She's going to sell Rhode Island to them. Of course she is. In a state that doesn't require big numbers to move the needle, … more
For those thinking that the finalized reforms to the state-worker pension system took care of all its issues, think again. The outstanding problem is the fund's assumed rate of return. At the moment it is 7.5 percent. And with the reforms, … more
Rhode Island’s $7.7 billion pension fund terminated investments in seven hedge funds, including Brevan Howard Asset Management and Och-Ziff Capital Management Group LLC, after voting last month to cut its allocation in half over two years. more
On the occasion of Providence Business News' 30th anniversary, PBN invited Rhode Island's six current and former governors to discuss Rhode Island's economy and their tenures in the state's chief executive office. PBN Editor Mark S. Murphy … more
« Prev | 1 | 2