CF retirees vote for 1) more time; 2) no deal
A statement from receiver Robert Flanders, via Governor Chafee’s office, has this to say about a vote of the Central Falls retirees:
The Office of the Receiver has received 106 ballots from Central Falls Police & Fire retirees and beneficiaries. 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.