Updated April 1 at 8:48pm
Pension Reform
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(Updated, 5:30 p.m.) Fifty retired state employees and public school teachers have filed a lawsuit against the state of Rhode Island, objecting to their inclusion in the proposed class-action settlement of the state pension reform lawsuits. more
Court-ordered settlement talks between the state and Rhode Island public employees and retirees over cuts in pension benefits have broken down, sending the dispute to trial, both parties in the case said Friday. more
Moody’s Investors Service issued a warning on April 17 regarding Rhode Island’s failure to reach a settlement with public employee unions over the state’s pension lawsuit, which will go trial on Sept. 15 following the breakdown in renewed mediation talks earlier this month. more
Over the last few weeks parties not involved in the negotiations or the voting on the proposed public-employee pension-change settlement have wanted the judicially imposed gag order on anyone involved in the deal-making lifted. While we … more
A slew of lawyers representing parties involved with the state’s convoluted pension lawsuit pleaded their cases before Associate Justice Sarah Taft-Carter in Superior Court Thursday morning, which she’s slated to rule on at a future time. more
(Updated, 5:34 p.m.) A Superior Court judge ordered state and public employee union representatives back into mediation on Monday after 61 percent of eligible police officers and retirees voted to reject the proposed settlement of the state’s pension lawsuit. more
The state Employees Retirement System fund increased by $817 million in fiscal 2014 to $8.5 billion, Auditor General Dennis E. Hoyle reported this week. more
R.I. General Treasurer Gina M. Raimondo, who helped push through changes to the struggling employee retirement system, won the Democratic nomination to run for governor of the nation’s smallest state in November. more
Moody’s Investors Service upgraded Rhode Island’s credit outlook from negative to stable while maintaining an Aa2 bond rating, the agency announced Monday. more
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