RI Judge to review pension deal with city workers

Boston Globe June 26, 2012: A lawyer representing city retirees in Providence is expected to tell a judge they have approved a deal freezing automatic pension hikes and restructuring health benefits — a victory for Mayor Angel Taveras that is expected to keep the state capital out of municipal bankruptcy. Joseph Penza, a lawyer who represents about 1,300 municipal retirees, said he plans to present the results of the retirees’ vote to Superior Court Judge Sarah Taft-Carter on Tuesday. About 80 percent of the retirees voted in favor of the tentative agreement with Taveras, announced last month, Penza said. The deal eliminates pension cost-of-living increases for 10 years, caps pension benefits, and shifts retirees age 65 and older to Medicare.

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