Lawyers give 16th update on secret pension talks; back Friday

By Ted Nesi

WARWICK, R.I. (WPRI) – Lawyers briefed the Rhode Island judge overseeing a union lawsuit challenging the state’s 2011 pension overhaul for the 16th time Monday and will be back at the courthouse later this week, as talk of a potential settlement continues to swirl.

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4 thoughts on “Lawyers give 16th update on secret pension talks; back Friday

  1. Math is math. The unions always think there is more blood to drain from the taxpayers. That’s just not how it works. When the retiree’s in Central Falls refused the offer the receiver made he filed for bankruptcy. The unions response was “where not done negotiating”. The receiver wasn’t negotiating he was being as fair as possible.
    Ms. Raimondo is showing herself to be a truly rare politician, a liberal that can understand math. She cares about protecting the pensions. There is no room on her side to give in. Pension reform as it was enacted was the best possible deal for all involved. Despite her best efforts at “good faith” negotiations this must be adjudicated. Or the union members can implore their leadership to drop the case and help RI move forward.

  2. Math is math. The money saved has been rolled into secret hedge fund fees.
    The sector with the fastest growing wealth is Wall Steet Finance. Gina “friends” are laughing all the way to Caymans.
    Gina ran on re-amortizing the State Pension Fund. Instead State monies are greasing income inequality.

  3. RealClear, that’s just not accurate. Please cite the source. I don’t understand her investment strategy or why she is paying so much more than her predecessor in management fee’s. Spreading lies doesn’t help us. Lets hope sometime soon the unions drop the lawsuit, or it gets adjudicated by the Rhode Island Supreme Court soon.

  4. We’ll use you for the source– “I don’t understand her investment strategy or why she is paying so much more than her predecessor in management fee’s.”

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