PROVIDENCE, R.I. (AP) — An investment forum on the financial problems facing America's cities delivered a glimpse Monday of what Rhode Islanders could expect from a potential match-up between Gov. Lincoln Chafee and Treasurer Gina Raimondo in next year's gubernatorial race.

The independent governor and Democratic treasurer both delivered remarks to the more than 250 bond investment professionals attending a symposium in Providence on deficits and pension costs.

With firefighters protesting her appearance outside, Raimondo detailed the sweeping pension changes she crafted two years ago that saved the state billions by cutting benefits to many public workers and retirees. Public-sector unions and retirees are challenging the changes in court, saying they amount to an unfair breach of contract.

Continue Reading for Free

Register and gain access to:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 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.