Cranston Police Department Retirees Association

Pension Reform Presentation

March 19, 2013

See / Download / Print the fill presentation here (.pdf)

According to WPRI.com reporter Dan McGow, the landmark pension reform settlement reached between the Providence police, fire, and public employee unions cost the city nearly $1 million in lawyer fees over the last two fiscal years, WPRI.com has learned.

The majority of legal fees paid out by the city went to William Dolan, the Brown-Rudnick lawyer who helped negotiate the deal on behalf of the city.  Mr. Dolan is the same lawyer that the city of Cranston has retained regarding our proposed pension settlement.

To read the entire article, visit http://www.wpri.com/dpp/news/local_news/mcgowan/providence-pension-deal-cost-972k-in-legal-fees.

Providence – Superior Court Judge Sarah Taft-Carter has issued a ruling that Providence’s pension settlement is “fair, reasonable and adequate,” according to a statement released today by Providence Mayor Angel Taveras.

The settlement is expected to save the city $18.5 million in the 2013 fiscal year and reduce unfunded liability by at least $170 million through a 10-year suspension of annual cost-of-living (COLA) pension, along with other measures.

For more info, refer to http://pbn.com/Judge-rules-Providence-pension-settlement-fair,86986 article.