PROVIDENCE, R.I. (AP) — Fixing the Rhode Island's public pension funding crisis will take a major overhaul, and everyone should expect to have to make sacrifices along the way, the speaker of the state House said.
Speaker Gordon Fox said Tuesday after an informational briefing on pensions for the General Assembly that the state is facing a "mindboggling" crisis and called reform of the system, the subject of a special legislative session scheduled for October, a "Herculean task."
"There's going to be a lot of heartache," Fox said. "We're going to try to do the best we can. Everyone's going to have to expect to give something up."
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