BREAKING: Public retirees approve pension lawsuit settlement - ABC6 - Providence, RI and New Bedford, MA News, Weather

BREAKING: Public retirees approve pension lawsuit settlement

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By The Associated Press

news@abc6.com 

LINCOLN, R.I. (AP) _ Retired public employees suing the state over the 2011 overhaul of the public pension system have overwhelmingly accepted a proposed settlement.     

Retirees voted 1,168 in favor and 332 against the proposal. The ballots were counted Monday at Twin River Casino.       

Leaders of the coalition representing retirees urged them to accept the deal, saying a trial would be too risky and the case could drag on for years on appeal.    

Some retirees were not happy with the state's offer but wanted to move on. Others were angry the state isn't giving them what was promised when they retired and don't want to give up.      

The proposed settlement includes a cost of living increase in 2017, a year earlier than planned, and stipends for retirees for the next two years.

(C) The Associated Press 2015 

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