State of the State: James Lathrop for General Treasurer
Guest: James Lathrop, Candidate for General Treasurer, www.lathropforri.com
Host: Richard August
Description: The discussion begins with a review of state and federal pensions and cost of living adjustments and how they are managed in the Treasurer’s Office. Lathrop suggests a more fair way of giving COLAs to those retired. Discussion includes how investment gains are applied and reported; unfunded liabilities; cost of living and cost of doing business in Rhode Island; and more. “I am really about the finances” stresses Lathrop and he asserts that his public service financial management experience suits him best for the position of General Treasures.