Providence police on Thursday approved, by an 89 percent margin, a settlement with the City of Providence that, the city says, saves $18.5 million in the current budget year and cuts the pension plan’s unfunded liability by at least $170 million. The vote, word which came in via mobile phones as city officials joined reporters for a holiday party at the home of David Ortiz, Mayor Angel Taveras’ press secretary, is the latest in a string of negotiated settlements in Providence.
The liberal activist group RI Jobs with Justice is having its latest awards dinner this Thursday, 6-9 pm, at the Cranston Portuguese Club. Former state rep David Segal sent along the following details:
Jobs With Justice is scrappy, but one of the most important and effective activist organizations in Rhode Island. The campaign they helped lead in support of a living wage ordinance in Providence is one of the reasons I got involved in politics here and decided to run for City Council a decade ago.
Governor Lincoln Chafee says the uncertainty and cost of litigating a union challenge to last year’s landmark pension overhaul justify efforts to seek a settlement.
In a telephone interview from Washington, DC, where he’s attending a National Governors Association meeting, Chafee dismissed concerns that a settlement would dilute the pension overhaul to such an extent that it would hurt Rhode Island’s fiscal condition.