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Providence pays $1,500 stipends due to hundreds of retirees

Providence has made good on nearly $2 million it owed hundreds of former city workers as part of a pension settlement agreement reached in 2013.

The city paid 1,290 retirees or their beneficiaries a $1,500 stipend last month, according to Victor Morente, a spokesperson for the city. Approximately $300 from each payment was withheld for federal taxes and most had $75 in Rhode Island taxes withheld, Morente said.

The majority of retirees who received the payments were former public safety workers.



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