R.I. adopts sweeping changes to pension system
Democrats’ vote defied union allies
Despite jeers and the threat of a union lawsuit, Rhode Island lawmakers yesterday approved sweeping changes to one of the nation’s most underfunded public pension systems. The state’s heavily Democratic General Assembly defied its traditional union allies to pass the landmark changes. The legislation is designed to save billions of dollars by backing away from promises to state and municipal workers that lawmakers say the state can no longer afford.
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