Pension Reform

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...
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...
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