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Pension Reform

Providence City Council approves $515M pension obligation bond

PROVIDENCE – With the blessing from the Statehouse, city lawmakers are moving ahead with plans to borrow half a billion dollars to shore up...

McKee signs Providence pension bond bill

PROVIDENCE – State leaders have given the capital city the green light to borrow half a billion dollars to pay off its longstanding pension...

Senate signs off on Providence pension bond proposal

PROVIDENCE – The capital city’s pitch to borrow half a billion dollars to pay down its unfunded pension liability could soon become reality, with...

Providence voters back city pension obligation bond

PROVIDENCE – Providence voters overwhelmingly backed the city’s plan to borrow money to pay down its unfunded pension liability, according to unofficial election results...

Providence voters weigh in on pension obligation bond

PROVIDENCE – Providence voters will weigh in Tuesday on the city’s pitch to borrow half a billion dollars to shore up its beleaguered pension...

Providence pension bond pitch clears R.I. House

PROVIDENCE – As interest rates rise, the window of opportunity is closing on the city's pitch to borrow half a billion dollars to pay...

R.I. House to consider Providence pension obligation bond plan

PROVIDENCE – A plan to borrow half a billion dollars to shore up the city’s beleaguered pension fund moved one step closer to reality,...

Elorza launches voter education campaign ahead of pension bond ballot referendum

PROVIDENCE – City finances are not the most interesting - or understandable - topic. But lawmakers are trying to get voters excited about the not-so-sexy...

Providence City Council approves June special election for pension bond proposal

PROVIDENCE - Providence voters will get to weigh in on whether the city should borrow $515 million to shore up its pension fund in...

Providence City Council backs pension obligation bond

PROVIDENCE – A pitch to borrow more than $500 million to funnel into the city’s pension system now rests with state lawmakers, after receiving...
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