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Rhode Island public workers and retirees pushed back against a major public pension overhaul proposal Wednesday, urging lawmakers to slow down their deliberations to ensure any changes are fair.

The Department of Labor plans to repropose its controversial rule amending the definition of fiduciary under the Employee Retirement Income Security Act (ERISA) shortly after the first of the year, Phyllis Borzi, assistant secretary for DOLs Employee Benefits Security Administration (EBSA), told a group of retirement plan specialists on Tuesday.

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.

The U.S. Department of Labors Advisory Council on Employee Welfare and Pension Benefit Plans, also known as the ERISA Advisory Council, will hold a public meeting on Nov. 8 and 9 at Labor Department headquarters, 200 Constitution Ave. NW, Washington, D.C. 20210.

Hundreds of Rhode Island firefighters and other public workers lined Statehouse hallways Tuesday as state leaders unveiled an ambitious and politically charged proposal to overhaul the state's hemorrhaging retirement system.

Proposed legislation aims to reduce maximum deferrals into 401(k) and similar retirement plans. Wheres AARP when you need them?

State and local pension plans have taken on additional risk, since the market crashed in 2007-2008, in an attempt to return their assets to pre-crash levels.

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.