Welcome! Login | Register
 

Twin River Announces Acquisition of Newport Grand—Twin River Announces it Will Buy Newport Grand

Giannini: ‏Can a “Rhode Island Red Sox Stadium” Succeed in Providence?—Giannini: ‏Can a Rhode Island Red Sox Stadium…

NEW: PC’s Henton Reaches 2,000 Career Points Milestone—LaDontae Henton becomes second Friar ever to reach…

It’s All About Education: Changing Lives with School Lunches—There have been several links floating around social…

Chef Walter’s Flavors + Knowledge: Lesson on Pizza—Many people know that American pizza derived from…

Newport Manners & Etiquette: Why Women Don’t Ask for Help + Engagement Party Etiquette—The etiquette of asking for help and upadated…

URI Blown Out by Dayton 75-59, Fall Out of 1st Place—Rams fall to Dayton 75-59

Revolution Unveil New Secondary Kits—The New England Revolution unveiled a new secondary…

Horowitz: The Boehner/Nentanyahu Debacle—It must have seemed like political win-win when…

Riley: Providence Pension Fund is Risky Business—Relative to the State of Rhode Island Investments…

 
 

BREAKING: Igliozzi Out as Finance Chairman of City Council

Friday, May 04, 2012

 

A day after calling for changes to the pension reform ordinance in Providence, Councilman John Igliozzi will be removed as chairman of the Council’s finance committee, GoLocalProv has learned.

It is unclear whether Council President Michael Solomon removed Igliozzi as the chairman or if he made the decision to resign, but Councilman Michael Correia said the change is clearly “political retribution” by Solomon.

“This is a clear abuse of power of President Solomon and Majority Leader Seth Yurdin,” Correia said. “They did this to me [during redistricting] and now they’re screwing my colleague.”

Correia was referring to last minute changes made to his Ward after he voted against a proposed map supported by Council leadership.

The pension reform ordinance, which takes effect July 1, requires all COLAs to be suspended until the pension system is 70 percent funded and caps all future pensions at one-and-a-half times the median state household income. The ordinance also makes changes to disability pensions and eliminates elected official pensions.

Igliozzi and Council President Pro Tempore Terry Hassett are calling for an amendment that will allow some retirees to continue receiving a cost-of-living-adjustment (COLA). Council President Pro Tempore.

Councilman David Salvatore, who led the pension reform efforts, is expected to be named chairman of the finance committee.
 

 

Enjoy this post? Share it with others.

 
 
:)