By Ted Nesi and Tim White
PROVIDENCE, R.I. (WPRI) – Providence Mayor Angel Taveras has struck a landmark deal with city workers and retirees to scale back future pensions, freeze cost-of-living adjustments and restructure health benefits that could save the capital from bankruptcy, WPRI.com has learned.
Update: After the jump you can see two extensive charts with the nuts-and-bolts on the settlement.
Mayor Taveras’s office distributed this chart explaining what has to happen next (click to enlarge):
And here’s a second chart from the mayor’s office detailing what’s in the settlement (click to enlarge)