January 19, 2006

Five-Year Retirement Bill Introduced in Rhode Island Legislature

Carroll Andrew Morse

State Representatives Joseph Faria (D-Central Falls) and David Laroche (D-Woonsocket) have introduced a bill in the Rhode Island House that will, according to its official description, “reduce the number of years needed to vest in the state retirement system from ten to five” (House bill 6860).

The bill has been referred to the House Finance Committee. Given that the state is facing a budget shortfall (now estimated at $77,000,000), does the Finance Committee intend to produce an estimate of how much additional taxation and/or how much in spending cuts will be required to pay for this bill?

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of course not. that would require Reps. Faria and Laroche to think ahead.

Posted by: Robert at January 20, 2006 10:17 AM

It must be an election year. Is there a more obvious democratic buying of union votes? This is another disaster for the taxpayers of RI!!!

And they wonder why RI is not competitive with CT & MA?

What dopes!

Posted by: Leonard Marshall at January 20, 2006 9:00 PM

I think it is time we make "stupidity beyond a reasonable doubt" a felony and lock imbeciles like Laroche and Faria up.

Posted by: Jim at January 21, 2006 12:43 PM