Pension Reform
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R.I.’s needed pension cuts pass legal test
From Athens to Rome to Providence, Rhode Island, the painful truth about pensions is the same: Unfunded liabilities need to be reformed, and unions don’t like it. more
Rhode Island pension reformer may win battle, lose war
Rhode Island General Treasurer Gina M. Raimondo has experienced a meteoric rise to fame that most politicians can only envy. more
Report: R.I.’s pensions, retiree benefits cause for ‘serious concern’
According to the Pew Center report - “The Widening Gap Update” – Rhode Island’s management of its long-term liabilities for pensions and retiree health care were cause for “serious concern.” more
| 5/19/12
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
Brown to benefit from $127M bond sale
Brown University will use a $127.4 million bond sale to renovate downtown property after agreeing in May to almost double annual payments to the city. more
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
Warwick City Council approves union contracts
Monday evening, the Warwick City Council unanimously approved three contracts with the city’s municipal employee, police and firefighters’ unions. more
Judge rules Providence pension settlement fair
Superior Court Associate Justice Sarah Taft-Carter has issued a ruling that Providence’s pension settlement is “fair, reasonable and adequate,” according to a statement released today by Providence Mayor Angel Taveras. more
| 3/11/13
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
Moody’s downgrades Johnston to A3, outlook ‘negative’
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 … more
| 8/22/12
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