8/2/11

Pension Advisory Group Going Public

It was probably to be expected in the heat and humidity of summer that we would see certain pension advisory group members begin to publicly take pot shots at one another over the extent of the pension problem and the possible solutions that will have to be wrestled with. Theirs is a most challenging task of course. First, we had the mayoral group publicly state that their cities couldn’t survive fiscally without far-reaching changes to the system, even to include changes to the pensions of present retirees. Then we had the labor group go public in accusing the mayors of scare-mongering. We’ll see if Gina Raimondo can keep them focused in the weeks ahead or if open warfare breaks out. Stay tuned.