Saturday, February 28th-4.6°C
25355
24105

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.

The Canadian Press


Read more Business News

25195


Recent Trending




Today's Market
S&P TSX15234.34-6.82
S&P CDNX706.73+5.80
DJIA18132.70-81.72
Nasdaq4963.528-24.362
S&P 5002104.50-6.24
CDN Dollar0.7996+0.0004
Gold1203.00+6.10
Oil52.14+1.53
Lumber297.20+1.20
Natural Gas2.895-0.007

 
Okanagan Companies
Pacific Safety0.12+0.005
Knighthawk0.010.00
QHR Technologies Inc1.55-0.03
Cantex0.035-0.005
Anavex Life Sciences0.190.00
Metalex Ventures0.035-0.005
Russel Metals25.38+0.08
Copper Mountain Mining1.30+0.04
Colorado Resources0.15+0.015
ReliaBrand Inc0.008-0.0007
Sunrise Resources Ltd0.05+0.015
Mission Ready Services0.235+0.025

 





FEATURED Property
2128222Holiday Park Camping Membership
$625
more details
Click here to feature your property
Please wait... loading


Creating your retirement vision

A vision means different things to different people. To the head of a large corporation, it’s the ability to chart a course that will deliver success (think Steve Jobs and Apple), to a shaman, i...


Are you asking the right questions?

Have you ever had this happen to you? You are in the middle of your second or third good discussion with a prospect and everything seems to be going great. The prospect seems engaged and happy to work...


It's OK to say 'I'm sorry'

Photo: ContributedStand-up comedians and sitcoms have been making fun of Canadians for being polite as long as I can remember. Being known for our niceness is certainly not a bad thing and I wish more...

_








Member of BC Press Council


24843