5/23/11

Awaiting Gina Raimondo's Pension Reform Recommendations

General Treasurer Gina Raimondo, who is one of the most important figures in the state right now, is about to unveil a list of recommendations to comprehensively reform our broken pension system, which is sucking the lifeblood out of public finances, both at the state and municipal levels. It will be interesting to see just how far she goes in her recommmendations. Of course, with those on the table at last, the real show begins, which will pit the politicians against the unions - a case of scorpions in the same bottle.

An ominous background to this drama is the news, as reported yesterday in the Providence Journal, that the state and most municipalities haven't put away a dime to cover the other side of the retirement coin - healthcare costs. This is a subject that has been an even more closely guarded secret than the true pension bill, although warnings have also been raised about this in years past.

Put the two obligations together and we're facing the perfect storm.

2 comments:

  1. I am collecting a pension from the state pension system.I worked 32 years for it. I feel and know in my heart that [they] will take it away from us and you millionaires;Hazen white,Chaffee will not be happy until we have nothing!! Are you going to help us find work? Maybe Hazen White will hire all of us at Taco.

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  2. you and gina just want to keep your tax break that you all have been enjoying since the carcieri days. we the people are on to you and you are not going to get away with it this time. engageri.org is a front org. for the 1% group in ri like yourself. i put my family curse on you and your family . may god has mercy on your soul.

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