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The State pension system clearly needed reform,but not Raimondoform. From the beginning,Raimondo had her personal poltical interests ahead of reform (witness the obscene amount of money she has raised from the financial sector). Clearly,the absurd COLA of 3% had to go. Linking Cola's with those granted to Social Security makes sense,and would be impossible to argue against. The phony cart and pony charade she had leading up to the reform was a joke. She had her plan from the start,and the meetings and board were a smokescreen.The system was underfunded without doubt,but individuals participating in it (I'm not in it),paid their contribution every pay period. But many communities in it skipped their contribution over the years. Could she please tell us who they were and who authorized the lack of contribution.

The legislature clearly wanted to put this behind them,with little thought to it's benefit,or a potential legal challenge.

How about this idea for for reasonable reform. Those already in the system,would retain the benefits,except the COLA's would be linked to Social Security increases. All new empoyees as of a date fixed,would contribute 10% of their pay,matched by a 10% contribution by those in the system. The money is invested in funds the employee is comfortable with (similar to the defined contribution plan). At the end of service, the State,or participating community has no further involvement with the retirees pension. This should make Raimondo's friends on Wall Street do back flips.

Raimondo has a huge political ego. If she truly wanted to see the system fixed,she would run for a second term as General Treasurer. But we will no doubt hear,"I can do more good as Governor". A line as phony as everything she has said to this point in her career..

From: Talk from Iran, but agreement too broad

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