Mediation in Rhode Island pension lawsuits fails; challenge of landmark overhaul moves forward
PROVIDENCE, R.I. - Talks to salvage a proposed settlement that would end the legal fight over Rhode Island's 2011 landmark pension overhaul have failed, and the court challenge is moving ahead.
Gov. Lincoln Chafee and General Treasurer Gina Raimondo on Friday announced the settlement agreement failed and mediation ended "due to a small group of union members." They called it "disappointing and frustrating."
The plaintiffs issued a statement saying the state ended the mediation. Chafee's spokeswoman would not comment.
The law was designed to save the state billions, but public-sector unions and retirees sued.
A proposed settlement was announced in February, but police union members, the smallest of the six groups that had to approve the proposal, rejected it. The judge then ordered continued mediation.
Read more Business News
- Teachers disheartenedKelowna
- Dogs attacked with weaponKelowna
- Dog handler recounts chaseWest Kelowna
- Man hospitalized after assaultKelowna
|QHR Technologies Inc||1.32||+0.07|
|Anavex Life Sciences||0.2261||-0.01|
|Copper Mountain Mining||2.68||-0.05|
|Sunrise Resources Ltd||0.02||-0.005|
|Mission Ready Services||0.30||+0.01|
Last night I was privileged to be able to speak at the Greater Westside Board of Trade business awards dinner. Photo: ContributedI talked about Innovation and Collaboration which are two very interes...
There will be a time when you will need to decide who you should appoint as executor of your Will. As well, there may be a time when you will be asked by someone to act as the executor of his or her W...
Part 1 of 2 Photo: Thinkstock.com1. Move in with your parents or in-laws Explain that you're thinking strategically in moving back home. The quickest way to get into the housing market is to ma...