Record of Testimony

The rule of 95 should be changed to 90 as well as any other changes that could be made to offset the pension reform of 2011.

My name is Glen Hebert I am a retired Woonsocket police Detective Sgt. Retiring in April 2005 after 21 years of service At the time of my retirement I was told by the Rhode Island Employee representative that I would get a 3% no compounded COLA. as outlined in my paperwork.

Dear General Treasurer, Members of the Investment Commission, and Governor of Rhode Island,

I am a retired police officer (Sept 2018) who served 30 years from 1988 to 2018. While in a Private Pension Plan System, I became part of a team that moved our pension from that private plan to the MERS Retirement System and this was in 1995.

The Impacts of the Rhode Island Retirement Security Act of 2011 has caused many negative effects on law enforcement in Rhode Island. I am a law enforcement officer who was directly involved and immediately impacted by these changes.

Enclosed please find a list of Points to Consider to support the restoration of the Cost of Living Adjustment (COLA) for the group previously referenced.

Good Afternoon,

Thank you for the opportunity to explain how the PENSION debacle of 2011 affected US! Two Cranston teachers who taught 32 and 33 years and were told when we retired what our pension and our COLA was going to be!

I was so happy to get a job working for the State of Rhode Island while continuing my education at night. I believed the job came with a promise in the form of a contract. I promised to work with honor and respect.

I am almost 71 years old and I am still teaching because I cannot afford to retire. This is my 23rd year teaching. If I retire this year I will receive approximately $1900.00 a month. I am all alone and my sole support. If I retire I cannot afford Medicare or be able to keep my house.