Pensions
I heard it again this morning–on the WPRO morning show, this time–probably in relation the ProJo’s latest in their pension series on “how we got here” regarding the pension mess (“They Just Broke the City“). Yes, we know we messed up in the past, goes the refrain, but what can we do to make it…
Ed Achorn’s most recent column highlights how little has changed in the public discussion of pension reform. This snippet, from a 2005 column of his, caught my eye in particular: “Robert Walsh, executive director of the National Education Association Rhode Island, responded to last week’s cries for pension reform by dismissing it all as a…
Being categorized as “disabled” regarding one job doesn’t mean you can’t legitimately work another (like a less physically demanding desk job). But should you be able to collect an entire disability pension AND work? Some don’t think so: Two freshman Republican lawmakers are seeking to cap the disability pensions paid retired municipal workers who have…
Marc’s call in to Matt Allen Show, last night, touched on the Projo’s now-laughable endorsement of David Cicilline and Treasurer Gina Raimondo’s efforts to blame nobody for the pension mess that she counts as the issue facing Rhode Island. Stream by clicking here, or download it.
When traveling the state and talking to various union groups, it’s understandable–politically, yes, but also pragmatically–that General Treasurer Gina Raimondo is refraining from playing the blame game (well, except for various “politicians” of the past). She needs unions on board to make reform happen and if the rank and file can understand the scope of…
The top story in Sunday’s Providence Journal had to do with the $30,000 that the average Rhode Island household owes in pension and other retirement benefit payments, beyond what has been put aside. The bill now stands at $13.63 billion — $9.37 billion for pension payments that have been previously reported and $4.26 billion for…
Ted Nesi of WPRI-TV (CBS 12) deserves a line-of-the-day credit for this Twitter entry…On pensions, Raimondo says “Failure is not an option.” I’m pretty sure it is though, just not her preferred one.
State General Treasurer Gina Raimondo unveiled her roadmap for pension reform today (ProJo covers here and WPRI’s Ted Nesi is live-tweeting). Here’s the report (pdf) and a new website, “Secure Path RI“. Her report takes a “where we are now and how we got there” approach. Here are some ideas she’s floating: 1) Set retirement…
So here’s where we stand. > Tomorrow at 2 pm, G.T. Gina Raimondo presents the history and making of Rhode Island’s pension crisis, to be followed by a “menu” of remedy options. > She admits to being on a bit of a crusade. Like that’s a bad thing when even a liberal think tank in…
On last night’s Matt Allen Show, Matt and I talked about fixing the pension system and whether pensions are earned more than private sector income. Stream by clicking here, or download it.
