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Fox, Paiva Weed vow to push ahead with pension reform

September 13, 2011

In a joint statement, House Speaker Gordon Fox and Senate President Teresa Paiva Weed are pledging to press ahead with pension reform following the decision released today by Superior Court Judge Sarah Taft-Carter:

Today’s ruling is an initial decision on one aspect of litigation relating to reforms enacted in 2009 and 2010.  The ruling simply allows the employees to make their full argument to the Court in that matter.

The Court’s decision to deny summary judgment has no effect on the pension reform discussions scheduled to take place before the Joint House and Senate Finance Committees over the next three weeks.  Around the time of the conclusion of those hearings we anticipate receiving a proposal from the General Treasurer’s Office and the Governor that will be vetted by the full General Assembly in October.

During the special session we anticipate taking whatever action is reasonable and necessary to address the pension crisis confronting the State of Rhode Island.

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