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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. behind on funding post-employment benefits, but better than rest of...

PROVIDENCE – Rhode Island’s “other post-employment benefit liabilities,” which typically consist of retiree health plans, are only 16.5 percent funded, still the highest in...
RHODE ISLAND HAS funded 16.5 percent of its other post-employment benefit liabilities, ranking No. 13 in the country. / COURTESY S&P GLOBAL RATINGS

R.I. behind on funding post-employment benefits, but better than rest of...

PROVIDENCE – Rhode Island’s “other post-employment benefit liabilities,” which typically consist of retiree health plans, are only 16.5 percent funded, according to S&P Global...
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...

City budget still doesn’t face reality

The highlights for the fiscal 2018 budget for Providence, at least according to City Council, include no tax increase and the inclusion of a...

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