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

By
-
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…

Thanks for reading Providence Business News. Create your free account or log in to continue reading.


Register Now Already a Subscriber? Login now


 

If you have already logged in and are still seeing this message, please refresh the page as your browser is caching the old content.

- Advertisement -

Purchase NowWant to share this story? Click Here to purchase a link that allows anyone to read it on any device whether or not they are a subscriber.

RELATED ARTICLESMORE FROM AUTHOR

No posts to display