Monday, April 19, 2021

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Tag: Employees’ Retirement System Of Rhode Island

MATTER OF OPINION: Former R.I. Supreme Court Justice R­obert G. Flanders Jr. speculates that the recent high court decision on a pension dispute between the city of Providence and a group of municipal retirees might make bankruptcy more palatable for municipalities. / PBN PHOTO/ MICHAEL SALERNO

Court ruling on Providence pensions will have ripple effects

Rhode Island is no stranger to pension problems. Even after a major state-level overhaul of the Employees’ Retirement System of Rhode Island led by then-R.I....
BUYOUTS: Gov. Gina M. Raimondo’s decision to offer about 1,000 public employees early-retirement buyouts has received criticism from former Gov. Lincoln D. Chafee, saying the buyouts could delay cost-of-living adjustments owed to retirees beginning in fiscal 2030-31. / PBN FILE PHOTO/
MICHAEL SALERNO

Chafee fears buyout plan would delay COLAs

In an attempt to find savings in what’s become a challenging budget year, the state is offering about 1,000 public employees early-retirement buyouts. The offer...

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