Rhode Island Lawyers to Suss Out How Court Should Handle Pension Lawsuit

At the end of this week, the lawyers representing Rhode Island and its retirees will meet with a Superior Court judge to discuss a major point of contention in the pension lawsuit brought against the state: how many trials should be held? Lawyers for retirees argue that the lawsuit should be separated into multiple trials. But the state, citing cost, ...

Video: Raimondo Talks Pension Settlement, Defends 2011 Reforms

In this interview, new Rhode Island Governor Gina Raimondo discusses the amount of fees the pension system pays to Wall Street managers and defends her pension reforms (2:00 mark); she also talks about a possible settlement with the retirees suing the state over those reforms (3:20 mark).   Photo by By Jim Jones (Own work) [CC BY-SA 3.0]

Raimondo Seeks Pension Settlement, But Has “No Interest” In Negotiating Changes to Reforms

Rhode Island Gov. Gina Raimondo said during an interview Wednesday that she is still hoping for a settlement with public workers in the lawsuit over the state’s 2011 pension reforms. But while she is willing to settle, she has “no interest” in re-opening negotiations on the reforms. From NBC 10: She said during a taping of “10 News Conference” ...

Newspaper: Rhode Island Should Settle Pension Suit With Retirees, But Keep Savings Intact

Rhode Island Governor-elect Gina Raimondo said last week that one of her top priorities was reaching a settlement with workers in the long-running lawsuit against the state’s 2011 pension reforms. The Providence Journal opines that a settlement would be ideal for everyone – if the law’s savings are kept intact. From the Providence Journal: State ...

Settling Pension Lawsuit Is Top Priority for Raimondo

When Rhode Island Governor-elect Gina Raimondo takes office this month, one of her top priorities will be negotiating a settlement with public employee unions in the lawsuit challenging the state’s 2011 pension changes. From the Providence Journal: Days away from taking the oath of office that will make her the first female governor of Rhode Island, ...

Former Enron Trader Continues to Fund Pension Policy Reforms From Behind the Scenes

Former Enron trader John Arnold has given large amounts of money to various public pension reform initiatives around the county in recent years. Many of those measures mandate a shift to a 401(k)-style system, or allow benefit cuts. Most recently, he gave $1 million in support of Proposition 487, a Phoenix ballot measure that would have shifted new ...

Rhode Island Pension Payments to Total Over $400 Million in FY 2016, 2017 As New Contribution Rates Approved

Rhode Island’s Retirement Board approved employer contribution rates for fiscal years 2016 and 2017 on Wednesday. Total state and local pension payments are projected to top $400 million in those years, just as they did in 2015. From the Providence Journal: New contribution rates approved by the state Retirement Board on Wednesday will require state ...

Jury Will Hear Rhode Island Pension Lawsuit; Trial Set for April

A Rhode Island judge sided with the state on Tuesday when she ruled that a jury will hear the lawsuit over the state’s 2011 pension reforms. More details from WPRI: Taft-Carter said that while she disagreed with state lawyers’ arguments that they had a constitutional right to a jury trial in the pension case, she would use her discretion to grant ...

Ruling on Jury Trial for Rhode Island Pension Lawsuit Could Come This Week

Will it be a jury or a judge deciding the legality of Rhode Island’s 2011 pension reforms? That’s a question that could be answered as soon as tomorrow, when a judge will decide whether to grant the state’s request for a jury trial in the long-running lawsuit against the state’s pension reforms. From the Providence Journal: The lawyers in the ...

Rhode Island Pension Investment Board Reviews Hedge Fund In Closed-Door Meeting

Rhode Island governor-elect Gina Raimondo and the state Investment Commission held a closed-door meeting last week to review a particular hedge fund, Mason Capital, in which $61.7 million of pension money is currently invested. The exact reason for the meeting, and what was said during, is unknown because the session was exempt from the state’s Open ...
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