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Providence, US
Friday, August 17, 2018

Pension Reform

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...
PROVIDENCE MAYOR Angel Taveras called for unity in moving forward to help the city recover from its economic crisis in presenting the fiscal year 2013 budget Monday evening. / PBN FILE PHOTO/FRANK MULLIN

Taveras pushes Pension Protection Plan

PROVIDENCE - Mayor Angel Taveras called for unity in moving forward to help the city recover from its economic crisis in presenting the fiscal...
RHODE ISLAND plans to sell $118.5 million of general-obligation bonds as fiscal strains have led to downgrades for cities - including Providence. / PBN FILE PHOTO

R.I. sets $118M bond sale with distressed cities

NEW YORK - Rhode Island plans to sell $118.5 million of general-obligation bonds as fiscal strains have led to downgrades for cities - including...

Fitch rates R.I.’s outlook ‘stable’

NEW YORK – Rhode Island landed an “outlook stable” grade from Fitch Ratings.The global rating agency assigned an “AA” rating to $96.35 million...
THE CRITICAL status test for included in Gov. Lincoln D. Chafee's pension reform legislation may be irrelevant. / PBN FILE PHOTO/FRANK MULLIN

All of R.I. may be ‘critical status’

PROVIDENCE – The ‘60 percent critical status’ test for Rhode Island cities and towns that is a part of Gov. Lincoln D. Chafee’s pension...

Municipal pension panel appointments announced

PROVIDENCE – The members of the 14-person panel charged with reviewing and making recommendations for the administration of municipal pensions were named on Friday.Gov....
GATHERING FEEDBACK: Gov. Lincoln D. Chafee has started holding meetings with local leaders, the business community and public-employee unions on a municipal-pension bill. / PBN FILE PHOTO/RUPERT WHITELEY

Mayors look to Assembly for relief

When Central Falls declared bankruptcy last year, Pawtucket Mayor Donald R. Grebien knew those expecting the fiscal illness to spread to other communities in...
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