The Rhode Island House of Representatives Friday evening passed a $13.9 billion budget that increases money for education and Medicaid providers while offering the first partial restoration of pension benefits suspended by the state in 2011. The spending plan was approved on a 69-to-five vote, with four of the nine Republicans in the House in […]
pensions
Posted inLocal, Politics, TGIF
Ian Donnis’ Rhode Island politics roundup for June 7, 2024
A blessing to all who spend quality time in the sweltering RI House chamber for the budget vote. You can follow me through the week on threads and what we used to call the twitters. Here we go. *** Want to get my column in your inbox every Friday? Just sign up right here. *** […]
Posted inLocal, Politics
Report mulls measures to address complaints on RI’s 2011 pension overhaul
A report prepared by an advisory group to Rhode Island General Treasurer James Diossa lays out a series of possible options for tweaking the 2011 overhaul of the state pension system. But none of the options are inexpensive. Lawmakers will need to reconcile the possible effects on the state budget with the anger of a […]
Posted inArticle, Politics
TGIF: Ian Donnis’ Politics/Media Rundown For May 31
Thanks for stopping by for my weekly column. As usual, your tips and comments are welcome, and you can follow me through the week on the twitters. Here we go. RI House Democrats took notice when their GOP colleagues opposed legislation in early May allowing Providence to borrow millions of dollars to improve school buildings. […]
Posted inArticle, Politics
TGIF: Ian Donnis’ Politics/Media Roundup For May 24
Thanks for stopping by for my weekly column. As usual, your tips and comments are welcome, and you can follow me through the week on the twitters. Here we go. Back in 2010, someone warned that Rhode Island was hurtling toward a worsening fiscal crisis, due to the crushing weight of unfunded public pensions and […]
Posted inArticle, Politics
TGIF: Ian Donnis’ Politics & Media Roundup For May 3
Thanks for stopping by for my weekly column. As usual, your tips and comments are welcome, and you can follow me through the week on the twitters. Here we go. 1) If not now, when? That’s a pertinent question for efforts to improve Rhode Island’s locally administered pensions. As General Treasurer Seth Magaziner detailed, in […]
Posted inArticle, Politics
Report: RI’s Locally Administered Pensions Face $2.5B In Unfunded Liability
Rhode Island’s locally administered pensions face $2.5 billion in unfunded obligations and most have less than 60 percent of the money needed to meet their long-term obligations, according to a new report from General Treasurer Seth Magaziner. There are 35 locally administered pension plans in Rhode Island. A state law passed in 2016 calls for […]
Posted inEpisode, Political Roundtable
Bonus Q&A: Magaziner On 2022, Providence’s Pension Time-Bomb, Local Pensions & More
Rhode Island General Treasurer Seth Magaziner joins Bonus Q&A to discuss his political future, Providence’s pension time-bomb, the outlook for under-funded local pension plans, and much more.
