RI gov. secret code sweeping unrestricted pension overhaul
outside influence, R.I. — Rhode Islands chief has signed into law sweeping changes to the states civic pension usage.Gov. Lincoln Chafee CHAY-fee alleged Friday the evaluate self-control help restore the states fiscal wellbeing and prevent the need in favor of toll hikes otherwise financial plan cuts to reimburse in favor of swelling pension expenses.The different law is intended to save billions of dollars in the sphere of forthcoming years by suspending retiree pension increases, raising retirement ages and creating a different benefit intend combining traditional pensions with 401k-style accounts.