Murphy & Williamson Played Hide And Seek With 2009 Pension Analysis – Disclosure Issues? What Disclosure Issues?
More than two months have gone by since a pension study commission appointed by House Speaker William J. Murphy took a series of votes aimed at creating a new – and for taxpayers, significantly less expensive – retirement package for 23,700 state employees and public school teachers.
Going beyond what Governor Carcieri proposed, the panel, after a year of study, recommended: instituting a minimum retirement age of 65, limiting annual cost-of-living increases for future retirees, and basing future pensions on an employee’s five-year salary average, instead of the three-year average currently used. For new employees, the proposals were more radical.
But that was March 12 .
The only task that remained for the panel, after a year of hearings, was to obtain from the state’s actuaries a projection of how much the state might save – and then issue a final report.
In the month since, both Murphy and the study-commission chairman Timothy Williamson, D-West Warwick, have rebuffed repeated oral and written requests for a copy of the cost-savings analysis provided to them, in the interim, by the state’s pension consultants at Gabriel Roeder Smith & Co.
On Tuesday, House spokesman Larry Berman acknowledged publicly for the first time that Murphy has the actuary’s report. “I know that it is in his hands,” he said.
But when asked why he has been unwilling to make it public in response to repeated requests, Berman said: “He has the request.”