The heavy lifting’s not over on Smith Hill.
While the state General Assembly took a major step toward easing the state's pension crisis with the reforms passed in November's special session, following up on those measures in the 2012 session will be crucial, state Sen. Dawson Hodgson (R-Dist. 35) and state Rep. Robert Watson (R-Dist. 30) said last Friday, four days before the new session began.
Despite pension reforms that will eliminate cost of living adjustments (COLAs) for many years, increase retirement ages and tighten pension eligibility requirements for many state workers and teachers, several observers consider the process of pension reform only half done.
Incorporating such reforms for municipal workers, police and firefighters, along with managing and salvaging municipal pension funds in dire financial straits, may be an even greater challenge.
For more on this story, check out the January 5 edition of the East Greenwich Pendulum.