- Associated Press - Monday, January 27, 2014

PROVIDENCE, R.I. (AP) - Closed-door mediation continues in the lawsuit over Rhode Island’s 2011 pension law.

Lawyers for both sides of the case met for a status conference Monday morning at the Kent County Courthouse. The next conference is scheduled for Friday morning.

State lawmakers are closely monitoring the progress of the mediation as any settlement in the lawsuit could have big implications for state finances and the state’s public retirement system.

The 2011 law raised retirement ages and suspended pension increases to stabilize the retirement system and save billions of dollars in pension costs in future decades.

Public-sector unions and retirees argued the changes were unfair and sued to block the law. The lawsuit has been the subject of closed-door mediation since 2012.

Any settlement in the case would require legislative approval.


Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.

 

Click to Read More and View Comments

Click to Hide