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.