Rhode Island Governor Says Union Accord Resolves Pension Dispute
Source: Bloomberg
by Pamela A Maclean
Rhode Island and union leaders reached a settlement of its controversial public pension overhaul to support one of the country’s most underfunded retirement programs, the state’s governor said.
Governor Gina M. Raimondo said Thursday the deal was “in the best interests” of the citizens of Rhode Island and keeps the state “on a path toward financial stability.”
The accord, if approved by a state court judge and the General Assembly, would end six contentious challenges to changes made to the pension system from 2009 to 2011, Raimondo, a Democrat who took office in January, said in a statement.
A judge will set a schedule for parties to implement the deal and the remaining three unresolved lawsuits will be addressed by the court, according to Raimondo. The settlement couldn’t be immediately confirmed in court records.
FULL story at link.
Read more: http://www.bloomberg.com/news/articles/2015-04-03/rhode-island-governor-says-union-accord-resolves-pension-dispute
= new reply since forum marked as read
