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PROVIDENCE MAYOR JORGE O. ELORZA says the city has reached a tentative deal with the police union on pension contributions and wage increases. / PBN FILE PHOTO/STEPHANIE ALVAREZ EWENS

Providence reaches tentative pension and wage deal with police union

PROVIDENCE – The city has reached a tentative four-year pension and wage agreement with the Providence Fraternal Order of Police Lodge #3 union, Mayor...
PROVIDENCE MAYOR Jorge O. Elorza is warning that a new R.I. Supreme Court ruling will create "ballooning pension payments" for the city. PBN FILE PHOTO/STEPHANIE ALVAREZ EWENS

Providence could be hit with ‘ballooning pension payments’ after court ruling

PROVIDENCE – Amid the financial hardships posed by COVID-19, the city has been hit with a new expense: up to seven years of cost-of-living...
ZOMBIE LEGISLATION: Despite being rejected two years ago by the General Assembly, the city has again proposed monetizing the water it owns to help it pay down long-term obligations to employees. 
 / COURTESY PROVIDENCE WATER SUPPLY BOARD

Elorza money-for-water pension fix should sink

Some ideas won’t die, no matter how bad they are. Two years ago Mayor Jorge O. Elorza floated a plan to create a new state-supported...
R.I. GENERAL TREASURER SETH MAGAZINER and the Advosry Council on Locally Administered Pension Plans have released their annual report on state pension plans. / PBN FILE PHOTO/ MICHAEL SALERNO

Report: R.I. pensions carry $2.4B in unfunded liability

PROVIDENCE – General Treasurer Seth Magaziner released the report of the Advisory Council for locally administered pension plans last week, and included a new...

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