A settlement to Rhode Island's pension conflict may be announced Thursday.
House Speaker Nicholas Mattiello said through his spokesman that a settlement may be at hand. The state has offered modest improvements on a settlement offer rejected last year in an attempt to end the pension dispute. Hanging in the balance is $4 billion in savings for the state pension plan.
Superior Court Judge Sarah Taft-Carter is expected to continue a review of motions that began last week. In the absence of a settlement, the dispute over the 2011 overhaul of Rhode Island’s pension system is scheduled to go to to trial April 20th.
A series of public-employee unions sued in response to the overhaul. They argued it was unconstitutional for the state to make unilateral changes to pension benefits they were already promised.
A former state Supreme Court justice working as a special master in the pension dispute has urged retirees and public employees to accept a settlement. Further details remain scarce due to how Judge Taft-Carter imposed a gag order on parties in the case.
Without a settlement, the dispute is slated to go to trial April 20th.
Do you have insight or expertise on this topic? Please email us, we'd like to hear from you. firstname.lastname@example.org