Partial Credit Pensions – What a concept!
When the people at my workplace first heard that Frank Corrente was seeking a partial pension for the time he served government whilst NOT breaking the law, the reaction was universal: HA! That went for young, old and middle; men and women; conservative and liberal. Wow, we all thought, that takes some brass ones. But none of us were part of a key demographic: city machine insiders who comprise the majority of the Providence Retirement Board.
The Providence Retirement Board voted today to partially reinstate the pension of Frank E. Corrente, a former top lieutenant to former Mayor Vincent A. Cianci Jr.
Corrente, 79, was convicted of racketeering, conspiracy and extortion charges in U.S. District Court in 2002 in the wake of an FBI probe into corruption at City Hall….In voting 7-5 to give Corrente a partial pension, the board adopted a consultant’s recommendation last month that Corrente receive a pension for his first stint with the City, but not his second, tainted term of employment in the Cianci administration.
The vote means that Corrente would receive $1,852.61 per month rather than the full pension of $5,881.30 that he was getting when his pension was suspended in 2002.
This over the objections of Mayor Cicilline and pretty much anyone with an ounce of common sense. Only in Rhode Island, right?
ADDENDUM: Dan Yorke reminds that the same Retirement Board just recently took away the pension of former Providence Police Chief Urbano Prignano, Jr., who admitted to helping Providence police officers cheat on tests but was never convicted of anything (unlike Corrente).
And by the way, thanks to an amendment to the City Charter, the majority of the Providence Retirement Board are Cicilline appointments.