PROVIDENCE, R.I. (AP) — Rhode Island Gov. Lincoln Chafee and Treasurer Gina Raimondo warned lawmakers Monday of dire consequences if they don't pass their ambitious public pension overhaul proposal.
Chafee and Raimondo told a legislative panel reviewing their proposal that it would save taxpayers billions of dollars while making the retirement system viable for public workers.
"Passing this reform has enormous implications for Rhode Island's economy," said Raimondo, a Democrat. "There are a lot of people watching the work that you are doing. … It's necessary for the future prosperity of Rhode Island, so we have the money to invest in schools, in infrastructure, in services."
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