Providence Journal Op-Ed: Rhode Island Must Address Sick Pension Plans

On April 2, 2017, The Providence Journal published an Op-Ed by Treasurer Magaziner about how to help cities and towns with locally administered pension systems improve performance and reduce costs through the state’s Municipal Employees’ Retirement System (MERS).

The piece reads, in part: "...By far the biggest financial challenge Rhode Island faces today is the condition of our municipal pension plans. It’s hard to believe, given the small size of our state, but Rhode Island has 150 municipal pension plans. These plans provide retirement security for the hard-working municipal employees who devote their careers to serving our local communities. These employees, and the taxpayers they serve, deserve to have pension plans that are healthy and sustainable."

You can read the complete Op-Ed here.