Judge declines to add defendants to pension case

By Associated Press

Published July 23, 2014 1:00pm ET

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Judge declines to add defendants to pension case — The improving national economy is finally spurring job growth and pushing the unemployment rate down in Rhode Island, according to the state's top labor official. (iStock Image) | Andy Dean

WARWICK, R.I. — A Superior Court judge has turned down the state’s request to add municipal governments, school districts and scores of other defendants to a lawsuit that challenges the 2011 overhaul of Rhode Island’s pension system.

The law, which raised the retirement age, created investment-style retirement plans and suspended annual cost-of-living adjustments, was designed to save the state $4 billion, but public-sector unions and retirees sued.

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Associated Press Entitlements Pensions Rhode Island