Parties in pension lawsuit ask court to approve a settlement
By The Associated Press
PROVIDENCE, R.I. (AP) _ The state and most plaintiffs in the legal fight over the state’s 2011 landmark public pension system overhaul are asking the court to approve a settlement.
The parties filed a joint motion Monday in Superior Court seeking preliminary approval of a proposed class action settlement.
The motion says the proposed settlement resulted from “good-faith negotiations” and is fair, reasonable and adequate to resolve the claims, while avoiding the expense and risks of a trial.
It also says the terms will lessen the impact of the pension reform changes on public employees, while allowing the state and municipalities to create a more sustainable retirement system.
Unions representing municipal police,
To view the Pension Settlement Documents click here.
© The Associated Press / WLNE-TV 2015