Updated February 23 at 12:29am
Pension Reform
25 results total, viewing 1 - 10
(Updated, July 1, 5:05 p.m.) Editor's note: This is the second of a four-part series exploring how well Rhode Island cities and towns are funding municipal pension and benefit plans and the public-policy ramifications. Detective James Brady sits outside a … more
Editor's note: This is the fourth and final installment in a series exploring how well Rhode Island cities and towns are funding municipal pension and benefit plans and the public-policy ramifications. Hours after a Rhode Island Superior … more
Pending Gov. Gina M. Raimondo’s signature, Rhode Island will establish a new advisory council to oversee local pension plans, which together are underfunded by more than $2 billion. more
Editor's note: This is the third of a four-part series exploring how well Rhode Island cities and towns are funding municipal pension and benefit plans and the public-policy ramifications. Leading up to the financial crisis of 2008, cities … more
The R.I. State Retirement Commission last month decided to cut its roughly $1 billion investment into hedge funds in half, saying the asset has underperformed and cost the state too much in fees over the last five years. The precarious … more
If the state's public officials want to make a real difference in Rhode Island's future, they should spend less time on getting to the bottom of the 38 Studios mess and more, a lot more, on the looming public-finance meltdown over unfunded liabilities for local pensions and other post-employment benefits (also known as OPEBs). more
Editor's note: This is the first of a four-part series exploring how well Rhode Island cities and towns are funding municipal pension and benefit plans and the public-policy ramifications. The financial challenges of taking care of her … more
Nationwide, a new report says that state public employee pension plans are underfunded by nearly $5.6 trillion. At $18.6 billion, Rhode Island’s unfunded liability is one of the smallest among the 50 states, thanks to its size and fewer employed workers. more
Despite ending fiscal 2016 with a $10.3 million budgetary surplus, long-term obligations continue to paint a dreary financial picture in Providence. more
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