PROVIDENCE, R.I. (AP) — A lawyer representing city retirees in Providence is expected to tell a judge they have approved a deal freezing automatic pension hikes and restructuring health benefits — a victory for Mayor Angel Taveras that is expected to keep the state capital out of municipal bankruptcy.
Attorney Joseph Penza, who represents about 1,300 municipal retirees, said he plans to present the results of the retirees' vote to Superior Court Judge Sarah Taft-Carter on Tuesday.
About 80 percent of the retirees voted in favor of the tentative agreement with Taveras, announced last month, Penza said. That agreement eliminates pension cost-of-living increases for 10 years, caps pension benefits and shifts retirees age 65 and older to Medicare.
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