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Steve, Mayor Avedisian is asking Warwick taxpayers to pay $300 milllion more in the next thirteen years into the Police I/Fire I pension plan. The current liability is almost $311.7 million. At the end of the 13 years the liability will be $307.1 million. What kind of plan is that? What affect will this have or employment levels and all other budgetary items in the city. We do not know because Curolo and the Mayor don't want to find out the answers.

You are contributing more of your pay check to the pension and the administration policy is to not give you a raise for as long as they can. Read my last post. That's what the experts are telling them to do. And they did it in the last contract.

What group is missing from this discussion? The retirees! When are the union Presidents going to demand that the Mayor bring in the reitred members to discuss, for example, a suspension of COLA payment? If the active union members start to make some noise maybe this could happen.

The Providence Fire Union President met with the retired firefighter and they agreed to suspend the COLA's. Your COLA has been suspended for three years while Police II and Fire II retirees are getting a 3% compounded raise over the next three years. That's not fair.

From: Sparks fly even before actuary reviews pension plans

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