Monday, May 18, 2015

Many R.I. lawmakers could gain from pension deal

Providence Journal
By Katherine Gregg

Journal State House Bureau

Posted May 17, 2015 at 2:00 AM

PROVIDENCE, R.I. — At least a third of Rhode Island’s part-time lawmakers have a potential personal stake in the proposed settlement of the legal fight over dramatic 2011 pension cuts aimed at saving taxpayers $4 billion over the next two decades.

That includes the 10 state lawmakers already collecting pensions — ranging from $7,402 a year to more than $74,000 — from the state-run retirement system covering state workers, public school teachers and municipal employees. For them, there is an opportunity for a series of boosts in their pensions they might not otherwise see for years.

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