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” ...

Implications for Pension Investments As Elections Put Ex-Financial Firm Executives in Office

The results of several state-level elections could have implications for pension fund investments as three ex-financial firm executives became their states’ respective governors. David Sirota writes: Wall Street firms and executives have poured campaign contributions into states that have embraced the strategy, eager for expanded opportunities. Tuesday’s ...

Gina Raimondo Wins Rhode Island Democratic Primary; Pensions Remain Campaign Issue

Rhode Island Governor candidate Gina Raimondo has beaten out challengers Angel Taveras and Clay Pell to win the state’s Democratic Primary. From Politico: With 96 percent of precincts reporting, Raimondo led Providence Mayor Angel Taveras, 42 percent to 29 percent, with first-time candidate Clay Pell at 27 percent. Rhode Island Democrats are ...
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