NEW: Only 12 Central Falls Police & Fire Retiree Accept Voluntary Concessions
Friday, July 29, 2011
"The Office of the Receiver has received 106 ballots from Central Falls Police & Fire retirees and beneficiaries," Receiver Robert Flanders said. "Of these, 12 retirees/beneficiaries voted to accept the voluntary concessions necessary to affect a viable and feasible turnaround plan for the City (9 of whom did not have their pension benefits reduced by the proposal and therefore would create no savings to the City). Of the remaining 129 retirees and beneficiaries who were sent ballots, 37 voted to reject the proposal, 57 requested additional time to decide whether or not to accept or reject the proposal, and 35 did not respond.
"In addition to the ballot results, the Office of the Receiver is reviewing the status of union negotiations in deciding upon the best possible course of action to put the City of Central Falls on solid financial footing. An announcement is expected Monday morning."
DEVELOPING...
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Comments:
David Deuteronomy
6:29pm on Friday, July 29, 2011
WOW! What a surprise only 12 out of 106 Fire Thug retirees agreed to help out a bit! "What A Surprise" NOT!
Todd B
3:53pm on Saturday, July 30, 2011
Just declare bankruptcy and get it over with....
tia juana
12:59am on Sunday, July 31, 2011
I bet those 12 are probably the highest paid or most economically capable of taking such a big hit. since none of the judges could do any better than the mayor, I think they should give back at least half of what they earned to come to the same conclusion as he did. We RI taxpayers would not have lost good $$ after bad with those overpaid"leaders".