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Tag: Employees’ Retirement System Of Rhode Island

Pension advisory group outlines various reform options in final report

PROVIDENCE – Full or partial cost-of-living adjustment restorations, decreased retirement ages and caps on early retirement penalties are all on the table for consideration,...

Fallout from cyber hack affecting R.I. state workers being assessed

PROVIDENCE – More than 14,000 state workers and retirees have had their personal information compromised by a theft perpetrated by a Russia-based hacking group...

Providence pension system not on city’s legislative priorities list

PROVIDENCE – Mayor Brett Smiley still wants Providence to join the state pension system as one way to ease the city's pension crisis. But...
R.I. GENERAL TREASURER Seth Magaziner announced that the Employees’ Retirement System of Rhode Island has filed a lawsuit in Delaware against Facebook Co-Founder and CEO Mark Zuckerberg and other top Facebook executives over the 2016 Cambridge Analytical data breach. / COURTESY R.I. OFFICE OF THE GENERAL TREASURER

Employees’ Retirement System of R.I. suing Facebook over Cambridge Analytica scandal

PROVIDENCE – R.I. General Treasurer Seth Magaziner announced Friday that the Employees’ Retirement System of Rhode Island has filed a lawsuit in Delaware against...
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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