Pension Reform
9 results total, viewing 1 - 9
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Providence will halt cost-of-living increases for retirees among steps to overhaul a $422.8 million pension system and avoid becoming the state’s second municipal bankruptcy.
May 1
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Providence Mayor Angel Taveras called for unity in moving forward to help the city recover from its economic crisis in presenting the fiscal year 2013 budget Monday evening – a budget that relies on the passage of the Providence Pension Protection Plan and includes assumption of more support for public education.
Apr 23
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Rhode Island plans to sell $118.5 million of general-obligation bonds as fiscal strains have led to downgrades for cities - including Providence.
Apr 20
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Rhode Island landed an “outlook stable” grade from Fitch Ratings, which pointed to Gov. Lincoln D. Chafee’s budget as one reason for the state’s stable grade.
Apr 18
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The ‘60 percent critical status’ test for Rhode Island cities and towns that is a part of Gov. Lincoln D. Chafee’s pension reform legislation may be irrelevant, according to the Rhode Island Center for Freedom & Prosperity.
Mar 20
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The members of the 14-person panel charged with reviewing and making recommendations for the administration of municipal pensions were named on Tuesday.
Jan 17
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When Central Falls declared bankruptcy last year, Pawtucket Mayor Donald R. Grebien knew those expecting the fiscal illness to spread to other communities in Rhode Island would be watching his then-ailing city for symptoms.
Jan 14
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Gina M. Raimondo was running a Rhode Island venture-capital firm in Providence when the mother of two read with alarm that a growing fiscal crisis might force cutbacks in library hours and bus service in 2009.
Jan 10
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