Well well well, look who popped up on the nation’s top financial network this morning:
Raimondo also has an op-ed in today’s Providence Journal supporting Governor Chafee’s call for changes to fix the 36 locally run pension plans. I can’t link to it because the new e-edition’s share-articles tool is broken, but here’s an excerpt:
In recent weeks, I have met with leaders from municipalities seeking guidance on best practices, how to structure their process, and how to best use their actuaries.
In the coming weeks, Treasury will launch an online tool kit, based on the RIRSA process, which municipalities can use to assess their situations and craft their solutions. We will also host working sessions throughout the upcoming year for local leaders to help guide each stage of their work.
And while local leaders work toward solutions, we at the state level should also study creative ways to incorporate local plans into the state-administered municipal pension program. This move would provide for uniform benefits across municipalities, pooling of assets managed by the state and a legal requirement for municipalities to make annual required contributions.
(h/t: Charlie Kroll and Patrick Laverty)