NEW: Treasurer Raimondo Opposes ‘Closed-Door Meetings’ Ahead of Pension Case
Wednesday, December 05, 2012
With Governor Chafee calling for negotiations with union leaders ahead of a Friday court date, General Treasurer Gina Raimondo today said she is opposed to “closed-door meetings” to avoid having the courts rule on the state’s landmark pension reform package.
"It's now the job of the judicial branch to evaluate the legislation passed by the General Assembly, and we should let it do its work,” Raimondo said. “If at some point the court asks the state to sit down to try and reach a settlement, we will do so in good faith. In the meantime, Treasury will continue to work diligently to defend the important work done by the General Assembly.”
The legislature overwhelmingly passed the pension reform bill last year and Governor Chafee signed the bill into law.
"It is important to pause and remember that the passage of the Rhode Island Retirement Security Act represented the culmination of 11 months of thoughtful, fact-based analysis and input from retirees, employees and taxpayers across Rhode Island, as well as national pension and legal experts,” Raimondo said. “It was carefully designed by the General Assembly in an effort to save our state-administered retirement system."