Rhode Island Governor Gina Raimondo, responding to The Coalition Radio’s Pat Ford, discusses the implications of the recently released 2020 Report of the Advisory Council for Locally Administered Pension Plans. With Municipal Pension Plans, in one case, exceeding 1 Billion Dollars in unfunded liabilities, (Calculation Pre Covid Market Disruptions) in the midst of a near total collapse of Rhode Island’s Tax Base, can default be far away?
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Recorded Friday June 27, 2020
Click Link To Expand Entire 2020 Report of the Advisory Council for Locally Administered Pension Plans:
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