PROVIDENCE, R.I. (AP) — Rhode Island lawmakers waded into state government's most dizzying fiscal problem Monday ahead of a special legislative session dedicated to addressing the rising costs of public pensions.
State General Treasurer Gina Raimondo and other pension experts briefed members of the state Senate on the complicated numbers behind the pension problem. Raimondo told lawmakers that the system is eating up more and more tax dollars and that inaction is no longer an option.
"This is a crisis we have to solve," said Raimondo, a Democrat. "There won't be money for anything else unless we fix this."
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
- Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
- Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
