Report: Most R.I. municipal pension plans in ‘critical’ status

MOST MUNICIPAL PENSION PLANS, covering firefighters, police officers and other municipal employees, remain in "critical" funded status, according to a new state report.
PROVIDENCE – Though funding levels for most of Rhode Island’s municipal pension plans have improved in recent years, a majority of them remain in “critical” underfunded status, according to a state “report card” released Monday. Twenty-one of the 35 plans are less than 60% funded, and therefore are considered in “critical” status, according the 2019…

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