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July 15, 2011
"Rhode Island's Rising Pension Tide": The History that Makes the Future
Carroll Andrew Morse
At a forum sponsored last evening by the Providence Republican City Committee, Gary Morse (no relation), the primary advisor to 2010 Republican Gubernatorial candidate John Robitaille on the subject of pension issues, delivered a talk titled "Rhode Island's Rising Pension Tide". The Providence Republicans promised that this would be a non-partisan forum, and Mr. Morse delivered.
Mr. Morse used a significant portion of his speaking time to go into serious detail about the evolution of pension law and of pension systems in the US, and the resulting constraints that will shape the possible choices as we move forward...
1. The meaning of "the discount rate" and its value. Audio: 1m 11 sec The troubles with the discount rate, including spiking. Audio: 1m 54 sec How much does spiking cost the taxpayers?
Audio: 32 sec 2. The changes to pension law and pension practice that occurred in 1991 and 2006.
(1) Audio: 1m 19 sec; (2) Audio: 1m 56 sec; (3) Audio: 2m 58 sec
3. How what has happened in a place called Pritchard, Alabama could impact Chapter 9 bankruptcy proceedings in a place called Central Falls, Rhode Island.
Audio: 2m 45 sec 4. Some suggested reading, if you're interested in how the courts might decide the pending Council 94 lawsuit.
Audio: 42 sec 5. The role that debt played in the Suez crisis of 1956, and its parallels to today.
Audio: 1m 45 sec 6. A not-very-rosy prediction for everyone's future. Audio: 1m 32 sec
8:15 AM
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Awesome coverage, Andrew.
Posted by: Monique at July 15, 2011 9:32 AMI wonder if would-be Congressman Doherty will give up his fat pension? No, he'll just try to scam on to another fat penision from Congress! What a RI fraud!
Posted by: Tom W at July 16, 2011 1:41 AM