On July 26, 2021, the City of Providence, Providence Foundation, Greater Providence Chamber of Commerce and Rhode Island Pension Expenditure Council announced a Pension Working Group.
The goal of the pension working group was to consider and recommend a comprehensive proposal to address Providence’s structural financial challenges, including the risks and benefits of a Pension Obligation Bond and any additional avenues for structural reform.
Appointees
Appointees for the Pension Working Group included:
- Providence Mayor Jorge O. Elorza
- Providence Foundation Executive Director Cliff Wood
- Greater Providence Chamber of Commerce President Laurie White
- Rhode Island Public Expenditure Council President (RIPEC) and CEO Michael DiBiase
- Rico Vota, designee for Governor Daniel J. McKee
- Rep. Camille Vella-Wilkinson, designee for Speaker of the House K. Joseph Shekarchi
- Stephen Whitney, designee for President of the Senate Dominick J. Ruggerio
- Providence City Council Pro Tempore Pedro Espinal and Councilwoman Helen Anthony, designees for Providence City Council President John Igliozzi
- Mackey McCleary, financial advisor
- Kristin Fraser, financial advisor
- Senator Sam Zurier, financial advisor
Newsroom
Reports and Presentations-Materials
1.0 Reports and Presentations-Materials provided to Working Group
2.0 Rating Agency Comments on POB
3.0 GFOA Comments on POB
4.0 Rhode Island Supreme Court Decisions
5.0 CBA
- Local Union 1033 – Contract for Business, Educational, Specialists, Technical Staff (BEST) – 7.1.19 – 6.30.22 – PPSD -2019
- Local Union 1033 – Contract for Public School Safety Service Offices – 7.1.19 – 6.30.22 – PPSD -2019
- Local Union 1033 – Contract for Teacher Assistants – 7.1.19 – 6.30.22 – PPSD -2019
- Fully Executed Collective Bargaining Agreement – Police
- Fully Executed Collective Barganing Agreement – City Local 1033
- Fully Executed Collective Barganing Agreement – Fire
- Clerical Union Contract 2019-2022
Meetings
Members of the Pension Working Group hosted meetings virtually on Zoom and members of the public were welcome to attend.
- Join virtually on Zoom by clicking here.
- Zoom link: https://providenceri-gov.zoom.us/j/91860974922?pwd=dUlJM2lRQ3RXd0VCRm53TU9EN1Y3dz09
- Passcode: 020860
- Phone: +1 646 876 9923
Meeting Materials
- Join virtually on Zoom by clicking here.
- Zoom link: https://providenceri-gov.zoom.us/j/94934463143?pwd=S05qbStkRzlxT2hyRFdzd3Jna3VnZz09
- Passcode: 023099
- Phone: +1 646 876 9923
Meeting Materials
- Join virtually on Zoom by clicking here.
- Zoom link: https://providenceri-gov.zoom.us/j/89822400529?pwd=ZjhRODBBazZvSmIxZlJYRHhxU0R
- Passcode: 338605
- Phone: +1 646 876 9923
Meeting Materials
- Join virtually on Zoom by clicking here.
- Zoom link: https://providenceri-gov.zoom.us/j/83177148801?pwd=YWQ0bmtLdjJIMTJlcDVvMzdHRXNMdz09
- Passcode: 540615
- Phone: +1 646 876 9923
Meeting Materials
- Join virtually on Zoom by clicking here.
- Zoom link: https://providenceri-gov.zoom.us/j/88083476673?pwd=c0NGTHo0UkkwNWdibGV1elNMYzlqdz09
- Meeting ID: 88083476673
- Phone: +1 646 876 9923
Meeting Materials