Rhode Island Treasurer Raimondo Tells Communities to Think Long-term in Fixing Pension Plans

Sharing the lessons her office learned last year in overhauling the state pension system, the treasurer told the two dozen municipal leaders at CCRI to resist the urge to focus on short-term solutions, which might unfairly target one group -- and leave the community vulnerable to legal challenges.

Think long term, she said. Study the big questions. Make the process transparent so citizens and the unions can see the scope of the problem and the solutions being considered.

Under the state pension overhaul law, the communities have until November to present a plan to fix their pension plans.