Think tank: Consolidating pension plans could save $25M in Mass.
BOSTON – The Pioneer Institute has found that the 105 separately-managed public-employee pension plans in Massachusetts are wasting $25 million each year, reported the...
Pension fund earned 11% last year on market rebound
PROVIDENCE – The pension fund for the state of Rhode Island earned 11.1 percent during the 2012 – 2013 fiscal year, a 9.7 percentage...
R.I. pension system cleared by the SEC
PROVIDENCE – The Securities and Exchange Commission will not take any action following its investigation of the Rhode Island pension system’s disclosures and statements,...
Report: Pension leaders voice uncertainty about system’s future
SMITHFIELD – More than one-third of Taft-Hartley pension plan leaders nationwide believe the current pension system is unsustainable and will succumb to various pressures,...
R.I. pension plan named ‘Small Public Plan of the Year’
PROVIDENCE - Institutional Investor magazine has recognized Employees’ Retirement System of Rhode Island as Small Public Plan of the Year, General Treasurer Gina M....
Rhode Island House backs paying Schilling debt to avoid downgrade
BOSTON – Rhode Island lawmakers eased the threat of defaulting on bonds that backed former Boston Red Sox pitcher Curt Schilling’s videogame company, agreeing...
R.I. House halts budget debate
PROVIDENCE – Members of the House of Representatives will reconvene Wednesday afternoon to continue debate on a fiscal 2014 budget.
The suspension of the session...
Rhode Island pension reformer may win battle, lose war
PROVIDENCE - Rhode Island General Treasurer Gina M. Raimondo has experienced a meteoric rise to fame that most politicians can only envy.
Raimondo, a 41-year-old...
Judge approves Providence pension deal
PROVIDENCE – On Friday, Superior Court Judge Sarah Taft-Carter gave final approval over the pension agreement between the city of Providence and its retirees,...
Judge rules Providence pension settlement fair
PROVIDENCE - Superior Court Judge Sarah Taft-Carter has issued a ruling that Providence’s pension settlement is “fair, reasonable and adequate,” according to a statement...
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