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"The plans have exceeded 400 million". Unfortunately the unfunded liabilities exceed 600 million with 261.9 million unfunded just in Police /Fire 1 alone. That unfunded number is expected to continue to rise each year until it hits 275.5 million unfunded in 2021. What is also not mentioned in this article is that even though the taxpayers will add 314 million to the fund in the time period of 2012 to 2026, the accrued liability is only reduced by 4.6 million. Just swipe the taxpayer credit card.

We have real financial wizards here in Warwick. But don't believe me, I could be bluffing. Just ask for the actuarial report from Gabriel Roeder Smith by contacting me at cartaxrevolt@aol.com and I will send it to you.

Oh , I almost forgot the wonderful health care plan, the one that we give away the free lifetime healthcare to all our hero's. It currently is at 290+ million liabilities with not one red cent in the till to cover expenses. Surprised yet? You shouldn't be. What do you expect when you have crafty Scotty for a mayor, an elementary school drop out semi-functional moron as the council president, and a finance chairwoman who knows nothing about finance. GO TEAM WARWICK

From: Forecast for city pensions: ‘Is it bright, or cloudy?’

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