March 2020 10-4 Newsletter

Click here to read the 10-4 newsletter:  March 2020 Ten Four Newsletter

Moody’s Praises Fung Settlement Cutting Cranston Pensions

An article written by WPRI reporter Ted Nesi on January 20, 2014 for your reading please.

Moody Article

Pension News Update – Settlement Finalized by RI Superior Court

CPDRA Pension News 13Dec2014

Updated Pension News (November 15, 2013)

Attached is the most current information regarding the status of the “Proposed Settlement” with the city regarding our COLA:

 Court Decision Letter 15 Nov 2013

Johnston Mayor Seeks Police, Fire Pension Changes Through Council-Approved Ordinance – June 14, 2013

In the face of emotional opposition from the town’s police and firefighters, Mayor Joseph Polisena is asking the Town Council to back his plan to rescue the troubled pension system by curtailing certain pension benefits long established in union contracts.

According to the proposed ordinance by the mayor, it would freeze cost-of-living escalators (COLAs) over a period of 20 years for all retirees.  At that point, any retirees receiving pensions greater than 150 percent of the Rhode Island mean income, which is about $29,277 in 2011, would remain ineligible for any cost-of-living increases.

To read the entire Providence Journal article, go to