Providence City Council sends pension cuts to mayor’s desk

The Providence City Council voted 12-0 late Monday afternoon to approve a far-reaching overhaul of the city’s pension system, sending the ordinance to Mayor Angel Taveras for his signature.

The only change was an amendment that allows a review of the cost-of-living adjustment (COLA) freeze every five years until the pension system is 70% funded, a city official said. Three members of the council – Michael Correia, Nicholas Narducci and Davian Sanchez – were absent for Monday’s second vote.

The all-Democratic council voted unanimously to approve the changes last Thursday, but its rules required a second affirmative vote to send the ordinance to the mayor’s desk. Taveras is expected to sign it soon.

Update: Taveras signed the pension ordinance Monday evening at Beneficent Church on Weybosset Street, his office said. He was joined at a youth event there by Council President Michael Solomon, Council Majority Leader Seth Yurdin and Councilman David Salvatore, who oversaw the review that led to the changes.

Kathryn Sotnik contributed to this report.

(photo: Angel Taveras)

Copyright 2014 WPRI.COM. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

 

Political Pulse

Did you like this article? Vote it up or down! And don't forget to add your comments below!

No
Like It
 
Don't Like It
 
 
 

Comments

We welcome your thoughtful comments. Be the first to participate in the discussion. All comments will display your username and avatar.

 

Add a Comment

Sign in or join now to post a comment. All comments will display your username and avatar.

 


Rhode Island (change)

 
Gov. Lincoln Chafee, the first independent in his position, has his work cut out for him: fix the state's finances and help 66,000 unemployed Rhode Islanders get back to work.
 
Offices & Officials

Governor: Lincoln Chafee
Lieutenant Governor: Elizabeth Roberts
Attorney General: Peter Kilmartin
State Treasurer: Gina Raimondo
Secretary of State: Ralph Mollis

Contacting the White House and Congress

Click the links below to get in touch with your elected officials.