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1540 WADK.com Updates


A proposed settlement of a lawsuit challenging Rhode Island's 2011 pension law will be unveiled tomorrow.  The law made several changes including freezing annual cost-of-living adjustments for retirees in order to reduce the state's unfunded pension liability.   In a statement, a spokesman for the U.S. Federal Mediation and Conciliation Service says that after a year of mediation, it's "appropriate to update Rhode Islanders."  House Speaker Gordon Fox and Senate President Teresa Paiva Weed were not able to give any details yesterday as they emerged from a State House briefing on the proposed settlement because of a gag order. 

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