Updated February 25 at 6:36pm
Pension Reform
25 results total, viewing 11 - 20
Following a Friday R.I. Superior Court ruling in favor of Cranston Mayor Allan W. Fung’s decision to freeze yearly benefit increases, the plaintiffs, a group of retired Cranston police and firefighters, announced plans to appeal the decision to the R.I. Supreme Court. more
Accountants, actuaries, politicians and union leaders are scheduled to meet on Friday to discuss the looming Rhode Island crisis related to public pensions and other post-employment benefits at a seminar dubbed “The Gathering Storm.” more
There are 552 unclaimed pensions in Rhode Island, totaling more than $5 million, according to American Advisors Group Inc. more
Mayor Jorge O. Elorza on Monday announced a year-end operating surplus of $9.5 million, which will be used to pay down the city’s multimillion dollar structural deficit. more
Fitch Ratings has upgraded the city’s outstanding General Obligation bonds to A- from BBB-, and its Issuer Default Rating to BBB from BBB-. more
Drinks flowed as hedge fund titan Robert Mercer, dressed as Mandrake the Magician, partied with Donald Trump, dressed as, well, Donald Trump. more
R.I. Taxpayers is no longer. The association, which said it advocated for “honest, effective and fiscally sound government on behalf of individual and business taxpayers” and published a newsletter called Taxpayer Times five days a week, stopped operations on Thursday. more
The state’s $7.7 billion pension fund realized a 7.4 percent – or $530 million – gain on investment during 2016, marking the greatest return since 2013. more
A change in accounting standards that will require governments to start disclosing the amount of unfunded pension and retiree benefits on yearly balance sheets could put new pressure on public officials to step up payments on these plans, according to speakers at a conference organized by Donoghue Barrett & Singal P.C. and the Rhode Island League of Cities and Towns. more
Was the 401(k) a tragic mistake? When you use one of those online calculators to estimate your expected income in retirement, it can sure seem so. more
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