R.I. towns and cities look beyond pension liabilities to an even bigger problem: OPEBs

PROACTIVE APPROACH: Warwick Mayor Scott Avedisian speaks with his press secretary, Courtney Marciano, at his office. Avedisian suggested creating a statewide OPEB trust to help small local plans. / PBN PHOTO/MICHAEL SALERNO
PROACTIVE APPROACH: Warwick Mayor Scott Avedisian speaks with his press secretary, Courtney Marciano, at his office. Avedisian suggested creating a statewide OPEB trust to help small local plans. / PBN PHOTO/MICHAEL SALERNO
Editor’s note: This is the third of a four-part series exploring how well Rhode Island cities and towns are funding municipal pension and benefit plans and the public-policy ramifications. Leading up to the financial crisis of 2008, cities and towns in Rhode Island and throughout the country enjoyed pre-recession revenue surpluses made available by the…
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