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Rhode Island
Sunday, January 20, 2019

Pension Reform

A SURVEY OF 102 executive directors by Pyramis Global Advisors found that more than one-third of respondents believe the current pension system is unsustainable.

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,...
RHODE ISLAND TREASURER Gina M. Raimondo announced Friday that the Employees' Retirement System of Rhode Island has been named Small Public Plan of the Year by Institutional Investor magazine.  / BLOOMBERG FILE PHOTO/SCOTT EELLS

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....
BY AGREEING TO A $2.5 million payment towards the debt the state inherited from 38 Studios LLC, Rhode Island may have preserved its credit rating. / COURTESY JACK NEWTON, VIA FLICKR/ CREATIVE COMMONS

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...
THE HOUSE OF REPRESENTATIVES adjourned Tuesday after 10 hours of debate over the fiscal 2014 budget. The state's legislative body is set to reconvene at 2 p.m.  / COURTESY WIKIPEDIA/CHENSIYUAN

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...
THE CITY OF PROVIDENCE received approval from Superior Court Judge Sarah Taft-Carter over the pension agreement with its retirees.  / COURTESY WIKIMEDIA COMMONS/ANATOLI LVOV

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,...
SUPERIOR COURT JUDGE SARAH TAFT-CARTER has ruled the pension settlement between Providence and the city's firefighters, police and current retirees "fair." / COURTESY WIKIMEDIA COMMONS

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...
AS 2012 ENDS, PROVIDENCE Business News takes a look back on the biggest news stories of the yaer.

The biggest R.I. stories of 2012

PROVIDENCE – It has been an exciting, if tumultuous, year in the Ocean State. As 2012 comes to a close, Providence Business News notes...
SUPERIOR COURT ASSOCIATE JUSTICE SARAH TAFT-CARTER, the judge in charge of the pension reform cases in Rhode Island, has ordered the participating parties to try to solve their differences in mediation.  / COURTESY WIKIMEDIA COMMONS

Judge orders mediation for pension cases

PROVIDENCE – Superior Court Associate Justice Sarah Taft-Carter has ordered the parties involved in the state pension reform litigation into mediation, the R.I. Judiciary...
PROVIDENCE POLICE OFFICERS voted to approve the pension and retirement benefit changes agreed to with the city in May.  / BLOOMBERG FILE PHOTO/SCOTT EELLS

Providence police agree to pension changes

PROVIDENCE – Providence police officers have approved the package of pension and retirement benefit changes agreed to with the city in May, clearing the...
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