|Release Date: 2/17/2014
PROVIDENCE, R.I. – Governor Lincoln D. Chafee, General Treasurer Gina M. Raimondo and plaintiffs challenging changes to Rhode Island’s state-administered pension system (on February 14) issued the following joint statement:
“More than one year ago, Superior Court Judge Sarah Taft-Carter ordered the parties involved in numerous pension lawsuits into mediation. With the help of the Federal Mediation and Conciliation Service, the parties to this litigation have worked collaboratively on a proposed resolution.
“The settlement agreement marks an important first step forward, and the beginning of a process that will benefit all Rhode Islanders. It is a proposal that we all support and jointly offer to the General Assembly, members of the retirement system, and to the public."
In a separate statement of its own, the FMCS commended the parties for their professionalism, hard work and commitment to the negotiating process.
to access the full text of the parties' joint statement in the Rhode Island pension settlement announcement.
to access the FMCS statement on the Rhode Island pension settlement talks, commending the parties for their work in reaching a mutually acceptable agreement.