PROVIDENCE – The R.I. Supreme Court denied the appeals against the state pension class action settlement made in 2015 on Friday, affirming the judgement of Superior Court.
The appealed cases, Joseph Clifford et al. v. Gina Raimondo, in her capacity as Governor of the State of Rhode Island, et al. and Rhode Island Public Employees’ Retiree Coalition et al. v. Gina Raimondo, in her capacity as Governor of the State of Rhode Island, et al., mean that the Supreme Court found the settlement and subsequent upholding of the settlement to be “fair, reasonable and adequate; and properly balanced the benefits and drawbacks of the settlement.”
The Superior Court had received 400 objections to the settlement notices that were mailed and published for the benefit of class members.
Despite ruling against the appeals and upholding the Superior Court decision, in his opinion for the Court, Justice Gilbert V. Indeglia quoted President Calvin Coolidge, “Economy is the method by which we prepare today to afford the improvements of tomorrow,” with Indeglia noting that Rhode Island had, “failed to prepare for tomorrow.”