Leaders solicit public comment on pension reform, create advisory group

GENERAL TREASURER GINA M. Raimondo and Gov. Lincoln D. Chafee organized an advisory board and are soliciting public comment on how to solve the pension system.
Posted 6/16/11

PROVIDENCE – A 12-person advisory group will help vet and organize a solution to the state’s pension woes, Gov. Lincoln D. Chafee and General Treasurer Gina M. Raimondo announced Wednesday.

The initiative, called Secure Path RI, will solicit public input; those with ideas for reform can enter them through the Secure Path RI website or by mailing them to the University of Rhode Island’s College of Business Administration (see address below.)

The group will work with Chafee and Raimondo to develop a solution to submit to the General Assembly in October. The group hopes to redesign a system that: attracts quality employees, provides a level of security for its retirees, preserve funding for public services, and protects taxpayers.

“There is no greater issue facing Rhode Island than fixing the pension problem once and for all,” said Chafee. “We must work collaboratively and honestly, with all parties at the table, to reach a solution that ensures the future prosperity of our state for our children and grandchildren. I look forward to working with the General Treasurer, the General Assembly, and other stakeholders to achieve passage of comprehensive legislation in a special session of the legislature this fall.”

The advisory members include:

  • Ernest A. Almonte, CEO of the fraud and public finance accounting firm Almonte Group LLC.

  • Robert A. DiMuccio, chairman, president and CEO of Amica Mutual Insurance Co.

  • J. Michael Downey is the president of Rhode Island Council 94, AFSCME, AFL-CIO.

  • Bill Foulkes, strategic planning consultant, entrepreneur, and a faculty member at the Rhode Island School of Design.

  • Allan W. Fung, mayor of Cranston.

  • Mark Higgins, dean of the College of Business Administration at the University of Rhode Island.

  • Philip M. Keefe, president of State Employees International Union Local 580.

  • Richard Licht, director of the Rhode Island Department of Administration.

  • John Maguire, president of the North Providence Federation of Teachers and treasurer of the Rhode Island Federation of Teachers and Health Professionals.

  • Alicia H. Munnell, Peter F. Drucker professor of Management Sciences at Boston College’s Carroll School of Management.

  • Robert A. Walsh Jr., executive director of National Education Association Rhode Island;

  • Harry Wilson is the chairman, CEO and founder of MAEVA Advisors.

    The mailing address to submit pension reform ideas is:

    Secure Path RI – Constituent Ideas

    University of Rhode Island

    College of Business

    7 Lippitt Road

    Kingston, R.I. 02881

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