Search
 

R. I. gov: Pension overhaul won't cut existing benefits

The architects of Rhode Island's pension overhaul plan said Friday their proposal won't reduce benefits that public workers have already earned, but stressed the need for a "one-time" comprehensive fix rather than piecemeal changes.

By David Klepper, Steve LeBlanc | Updated on October 03, 2011

PROVIDENCE, R.I. (AP) — The architects of Rhode Island’s pension overhaul plan said Friday their proposal won’t reduce benefits that public workers have already earned, but stressed the need for a “one-time” comprehensive fix rather than piecemeal changes.

Gov. Lincoln Chafee and Treasurer Gina Raimondo sent a letter to state employees previewing the elements of an overhaul they are expected to present to the General Assembly for consideration during a special legislative session next month.

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper

Recommended Stories

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2024 ALM Global, LLC. All Rights Reserved.