State leaders say they’re working to settle pension lawsuit
By News Staff
The Associated Press
The governor and general treasurer say losing the billions in savings at stake in the court battle over the public pension overhaul would be devastating, and they’re actively working to settle the case.
Gov. Gina Raimondo and Treasurer Seth Magaziner said Wednesday they couldn’t discuss details of a proposed settlement because of a court confidentiality order.
The lawsuit challenges higher retirement ages and cuts to cost-of-living increases designed to save $4 billion over 20 years.
Public-sector unions and retirees are suing. The trial is scheduled to begin April 20.
Raimondo says the state is “working furiously” to prepare for trial, but also to settle.
(C) WLNE-TV 2015
