PODCAST: Free Pensions Cost RI $18 Million
Thursday, July 14, 2011
This year Rhode Island will pay out $18 million in what are effectively free pensions to hundreds of retired judges and state police officers. For nearly 40 of the retirees, pensions top six figures. This circumstance is the result of a loophole in the system which allowed the retirees to work without making any contributions to their pensions for decades.
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Listen to the PODCAST: Listen to GoLocalProv's Tracey Minkin discuss state pension reform with Helen Glover on 920 WHJJ.
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