Raimondo, Chafee Form Special Pension Task Force
Thursday, June 16, 2011
General Treasurer Gina Raimondo and Governor Lincoln Chafee yesterday announced that they had formed a special advisory group to help them develop a pension reform plan that will be presented to the General Assembly later this year.
“There is no greater issue facing Rhode Island than fixing the pension problem once and for all,” Chafee said. “We must work collaboratively and honestly, with all parties at the table, to reach a solution that ensures the future prosperity of our state for our children and grandchildren.”
Members of the group include some of the biggest names in labor, business, and government, such as J. Michael Downey, head of Council 94, Bob Walsh, the executive director of the state NEA, Amica Chairman Robert A. DiMuccio, Cranston Mayor Allan Fung, and Richard Licht, Director of the state Department of Administration. (See below for a complete list with bios.)
GET THE LATEST BREAKING NEWS HERE -- SIGN UP FOR GOLOCAL FREE DAILY EBLAST“Rhode Islanders must take action and engage on this issue as much as possible, because this issue affects everyone,” Raimondo said. “By partnering together, the Governor and I will work to solve a problem that has plagued our state for far too long.”
Who’s on the advisory group?
Ernest A. Almonte, the chief executive officer of the Almonte Group LLC, a fraud and public finance accounting firm, and the former Auditor General of the State of Rhode Island, a position he held from 1994 to 2010.
Robert A. DiMuccio, the chairman, president and chief executive officer of Amica Mutual Insurance Company.
J. Michael Downey, the president of Rhode Island Council 94, AFSCME, AFL-CIO.
Bill Foulkes, a strategic planning consultant, entrepreneur, and currently a faculty member at the Rhode Island School of Design.
Allan W. Fung, the Mayor of Cranston.
Mark Higgins, the Dean and The Alfred J. Verrecchia-Hasbro Inc. Leadership Chair in Business at the University of Rhode Island.
Philip M. Keefe, the president of State Employees International Union Local 580, the second largest state employees union in Rhode Island, as well as vice president of the State Council which represents state employees and the private sector.
Richard Licht, the director of the Rhode Island Department of Administration.
John Maguire, the president of the North Providence Federation of Teachers and treasurer of the Rhode Island Federation of Teachers and Health Professionals.
Alicia H.Munnell, is the Peter F. Drucker Professor of Management Sciences at Boston College's Carroll School of Management.
Robert A. Walsh, Jr., is the Executive Director of NEARI and also currently serves as a trustee of the NEA Retirement Plan and chair of the plan's Investment Committee.
Harry Wilson, the Chairman, CEO and founder of MAEVA Advisors. Currently, at the request of the International Brotherhood of Teamsters, and with the support of management and the company's lenders, MAEVA has been playing a key role in the restructuring of YRC Worldwide, the nation's largest trucking company.
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