Providence could be hit with ‘ballooning pension payments’ after court ruling

PROVIDENCE MAYOR Jorge O. Elorza is warning that a new R.I. Supreme Court ruling will create
PROVIDENCE MAYOR Jorge O. Elorza is warning that a new R.I. Supreme Court ruling will create "ballooning pension payments" for the city. PBN FILE PHOTO/STEPHANIE ALVAREZ EWENS
PROVIDENCE – Amid the financial hardships posed by COVID-19, the city has been hit with a new expense: up to seven years of cost-of-living adjustments for the group of retirees who opted out of a prior settlement agreement over pension reforms. In a series of three opinions issued on Tuesday, the R.I. Supreme Court sided…

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