Pension Reform

Raimondo pension lawsuit seen risking bankruptcies

NEW YORK - Rhode Island Treasurer Gina Raimondo championed an overhaul last year of one of the nation’s worst- funded public pensions, setting out...

Warwick City Council approves union contracts

WARWICK – Monday evening, the Warwick City Council unanimously approved three contracts with the city’s municipal employee, police and firefighters’ unions.Prior to the...

Warwick reaches agreement with Fire, Police

WARWICK – The city of Warwick has reached new, three-year contracts with the city’s fire and police unions, Mayor Scott Avedisian announced Monday.The...
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. / COURTESY BROWN UNIVERSITY

Brown to benefit from $127M bond sale

NEW YORK - Brown University will use a $127.4 million bond sale to renovate downtown property after agreeing in May to almost double annual...
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. Above: Angel Taveras, mayor of Providence, center, signs an ordinance to overhaul the city's pension system and reduce its cost. / BLOOMBERG FILE PHOTO

Public sector workers digging in to save pensions under assault

WASHINGTON - Leaders of the largest U.S. union of public-sector workers are vowing to fight efforts by state and local governments to balance their...

Report: R.I.’s pensions, retiree benefits cause for ‘serious concern’

WASHINGTON – According to the Pew Center report - “The Widening Gap Update” – Rhode Island’s management of its long-term liabilities for pensions and...
THE HOUSE Finance Committee unveiled and then approved an $8.1 billion fiscal 2013 state budget late Thursday night, which scraps controversial meals, hotel and sales tax expansions  / COURTESY JACK NEWTON, VIA FLICKR/ CREATIVE COMMONS

House Finance Committee approves $8.1B 2013 budget

PROVIDENCE – The R.I. House Finance Committee unveiled and then approved an $8.1 billion fiscal 2013 state budget late Thursday night, which scraps controversial...
ANGEL TAVERAS speaks about his first year as Mayor of Providence, Rhode Island, January 23, 2012. / PBN FILE PHOTO/FRANK MULLIN

Providence breaks $700,000 pension link joining nationwide insolvency fight

BOSTON - It has been more than 20 years since Gilbert McLaughlin ran the fire department in Providence. Yet the former chief stands to...

Warwick pensions labeled ‘critical’

WARWICK – City actuaries have labeled Warwick’s Police and Fire I pension plan as “critical,” according to a letter circulated by Warwick Ward 4...

Providence is one of first in U.S. to cut pensions

BOSTON - Providence will halt cost-of-living increases for retirees among steps to overhaul a $422.8 million pension system and avoid becoming the state’s second...
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