
Worked with the Governor’s office to prevent re-amortization as a stand-alone action for the proposed FY2012 budget.
The state’s Retirement Board, which the Treasurer chairs, approved a new set of pension system assumptions, including lowering the investment rate of return and increasing life expectancy rates for all groups. These changes represent a major step toward using more honest numbers. Only by using accurate data can this crisis be solved, once and for all.
Partnered with Governor Chafee
Opened public comment period
Conducted pension advisory group meetings
Introduced the Rhode Island Retirement Security Act of 2011 (RIRSA) with Governor Chafee.