Gina_Raimondo

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 ...
Gina_Raimondo

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, ...
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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 ...
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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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