Pension Reform

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...
IN RHODE ISLAND, a pension-reform plan hailed as a national model is being challenged as unconstitutional, says Harvard professor and Bloomberg News Columnist Noah Feldman. / COURTESY WIKIMEDIA COMMONS

R.I.’s needed pension cuts pass legal test

BOSTON - From Athens to Rome to Providence, the painful truth about pensions is the same: Unfunded liabilities need to be reformed, and unions...
PROVIDENCE FIREFIGHTERS IAFF Local 799 has settled their two outstanding lawsuits with the city, voting to give up cost of living adjustments for 10 years and to enroll in Medicare when they become eligible.  / COURTESY PROVIDENCE FIREFIGHTERS IAFF LOCAL 799

Providence firefighters settle pension lawsuits

PROVIDENCE – The Providence firefighters union has settled its two outstanding Medicare and pension lawsuits with the city, the union announced Thursday.Late Wednesday, Providence...
THE GENERAL OBLIGATION BOND SALE of $81.4 million was successful and demand 'exceeded expectations,' according to Gov. Lincoln D. Chafee and General Treasurer Gina M. Raimondo.  / BLOOMBERG FILE PHOTO/SCOTT EELLS

R.I.’s bond sale successful, demand ‘exceeded expectations’

PROVIDENCE - Rhode Island’s General Obligation Bond sale this week was a success and demand exceeded expectations, according to Gov. Lincoln D. Chafee...

Texas won’t follow R.I. lead on pension reform

AUSTIN - Texas public pensions said moving away from traditional defined-benefit plans wouldn’t shrink their unfunded liabilities, in contrast to money-saving steps to end...

Moody’s downgrades Johnston to A3, outlook ‘negative’

NEW YORK – Moody’s Investors Service – a globally recognized rating agency – has downgraded the town of Johnston’s general obligation rating from A2...

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...
- Featured Event -

Latest News