Compensation Strategies Group, Ltd.
Nicholas Pension Consultants
Nova 401(k) Associates
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|Agreement in Legal Battle Over Rhode Island Pension Overhaul|
The Wall Street Journal; subscription may be required
Apr. 3, 2015
"The unions representing municipal police, Cranston police and Cranston fire, who collectively represent about 800 people, didn't agree to the terms. Their lawsuits are continuing and will be addressed by the court after the settlement is implemented.... The settlement provides for cost-of-living increases and one-time stipends for retirees. The cap for calculating the benefits would increase for some retirees, and the calculation would be based on a new formula using both the performance of investments and the consumer-price index. Employees would be allowed to retire earlier if they meet set requirements."
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