Posted inLocal, Politics

RI, MA politicians react to President Biden’s decision to end his re-election campaign

Political leaders in Rhode Island and Massachusetts offered swift reaction to Sunday’s bombshell announcement by President Biden that he would drop out of his race for a second term as president.  “President Biden made a selfless and noble decision” Rhode Island Gov. Dan McKee said in a prepared statement. “We are forever grateful for his […]

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.

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