Retirement Board OKs pension settlement; terms coming

By Dan McGowan

PROVIDENCE, R.I. (WPRI) – Rhode Island’s State Retirement Board on Friday voted to approve a long-awaited proposed settlement that would end labor unions’ legal fight to overturn the landmark 2011 pension overhaul, which saved taxpayers roughly $3 billion by paring back benefits for workers and retirees.

Details about the settlement will be released at a 4:15 p.m. press conference. WPRI.com will stream it live here.

Read the rest of this story »

blog comments powered by Disqus