Pension Reform

States’ revenue not keeping up with costs, report says

WASHINGTON – U.S. state revenue isn’t rising fast enough to keep up with the cost of funding pensions, health care and public works projects,...

Report highlights R.I. pension reform

WASHINGTON – A report released Tuesday by the American Legislative Exchange Council highlighted Rhode Island and three other states as models of effective pension...
THE PIONEER INSTITUTE found local public-employee pensions are overstaffed and inefficient, according to a policy brief released Wednesday. / BLOOMBERG FILE PHOTO/BRENT LEWIN

Think tank: Consolidating pension plans could save $25M in Mass.

BOSTON – The Pioneer Institute has found that the 105 separately-managed public-employee pension plans in Massachusetts are wasting $25 million each year, reported the...
ACCORDING TO A WPRI.COM REPORT, R.I. General Treasurer Gina M. Raimondo said the state's pension fund for the 2012- 2013 fiscal year earned 11.1 percent.  / PBN PHOTO/NATALJA KENT

Pension fund earned 11% last year on market rebound

PROVIDENCE – The pension fund for the state of Rhode Island earned 11.1 percent during the 2012 – 2013 fiscal year, a 9.7 percentage...
GENERAL TREASURER GINA M. RAIMONDO announced Tuesday that the Securities and Exchange Commission will not take any action follow its investigation into the disclosures and statements of state's pension system.  / BLOOMBERG FILE PHOTO/SCOTT EELLS

R.I. pension system cleared by the SEC

PROVIDENCE – The Securities and Exchange Commission will not take any action following its investigation of the Rhode Island pension system’s disclosures and statements,...
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...
- Featured Event -

Latest News