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Pension Reform

Lining up for next windfall

In November 1998, Rhode Island was part of a historic settlement with the tobacco industry to pay for the health care costs of smoking...
A FEDERAL JUDGE issued preliminary approval to a settlement between the St. Joseph Health Services of Rhode Island Retirement Plan and CharterCARE Community Board, St. Joseph Health Services of Rhode Island and Roger Williams Hospital. Attorney Stephen Del Sesto is the court-appointed receiver for the St. Joseph pension plan. / PBN FILE PHOTO/MICHAEL SALERNO

St. Joseph pension plan $12M settlement with some defendants get preliminary...

PROVIDENCE – A settlement between Stephen Del Sesto, receiver and administrator of the St. Joseph Health Services of Rhode Island Retirement plan, and CharterCARE...
THE R.I. SUPREME COURT affirmed a decision that upheld Cranston Mayor Allan W. Fung's pension reforms for public safety workers. The city had settled with most members of the pension plan, but a group of pension members opted out and continued litigation against the city. / PBN FILE PHOTO/MICHAEL SALERNO

Was the R.I. Supreme Court right to side with Cranston in...

Nearly three years after R.I. Superior Court ruled in favor of Cranston in its bid to sharply curtailed cost-of-living adjustments for police and firefighter...
THE R.I. SUPREME COURT affirmed a decision that upheld Cranston Mayor Allan W. Fung's pension reforms for public safety workers. The city had settled with most members of the pension plan, but a group of pension members opted out and continued litigation against the city. / PBN FILE PHOTO/MICHAEL SALERNO

R.I. Supreme Court sides with Cranston over public safety retirees in...

PROVIDENCE – The R.I. Supreme Court ruled in favor of Cranston in a long-standing legal battle over frozen pension benefits filed by a group...

Legislation shows a lack of courage in General Assembly

As they say, timing is everything. And in this case, it’s just a little scary.On April 29 General Treasurer Seth Magaziner issued a report...

Legacy of Gov. Chafee lives on

Give praise when and where it’s due, so a hearty job well-done should go out to Gov. Lincoln D. Chafee based on the most...
LOOKING TO MAKE A CHANGE: Cranston Mayor and gubernatorial candidate Allan W. Fung is looking to reverse the outcome of the election four years ago, when he lost to Gina M. Raimondo for the top Rhode Island office. / PBN FILE PHOTO/RUPERT WHITELEY

Fung’s back! Do voters share his despair over the state’s direction?

Allan W. Fung, the nine-year mayor of Cranston, has launched a second campaign for governor, once again targeting now-incumbent Gina M. Raimondo, and pointing...

Fiscal issues still dogging Providence

With a small but significant upgrade to Providence’s bond rating, Moody’s Investors Services Inc. has given the city a positive shot in the arm.Crediting...
THE R.I. SUPREME COURT has denied appeals to the state pension class action settlement made in 2015. Both appeals were in cases against Gov. Gina M. Raimondo, in her capacity as governor of Rhode Island. / PBN FILE PHOTO/RUPERT WHITELEY

R.I. Supreme Court denies appeals on state pension settlement

PROVIDENCE – The R.I. Supreme Court denied the appeals against the state pension class action settlement made in 2015 on Friday, affirming the judgement...

How public pensions can start healing

Public pension funds need help. Rather than offer specific investment recommendations, I am going to make some suggestions to help them think about what...
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