PROVIDENCE, R.I. (AP) The Rhode Island Senate has passed a comprehensive overhaul of the state's drastically underfunded public pension system.
The Senate voted 34-2 on the measure Thursday evening. The House was still debating the legislation but appeared to be moving toward a successful vote.
The legislation is intended to save billions of dollars in the future by suspending retiree pension increases, raising retirement ages and creating a benefit plan that mixes pensions with 401(k)-style accounts.
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