Warwick pensions labeled ‘critical’

WARWICK – City actuaries have labeled Warwick’s Police and Fire I pension plan as “critical,” according to a letter circulated by Warwick Ward 4 City Councilman Joseph Solomon. The actuaries – Gabriel Roeder Smith and Co. – said Warwick’s largest pension plan is 22.3 percent funded and, as of June 30, 2011, had a liability…

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