Record of Testimony

I can’t attend the meeting but just wanted to say that I retired in 2017 haven’t had any increase in my pension since then but my part D medical has more than doubled since then If this could be passed along I will appreciate thank you.

Submitted via email

Good afternoon,

Let me start by saying how much I appreciate this group being formed. I am a retired firefighter with 30 years of service. I took my regular retirement when the stress of my job became to great and started causing health issues.

Any state surplus funding could have gone into the state retirement coffers under the auspice of the state treasurer. Seth Magaziner never submitted any surplus moneys to these coffers.

Subject: 2011 State Pension Law

I retired in June, 2016, at age 66, after working for the state for 31 years. The US Bureau of Labor Statistics figures indicate that for each $1.00 in pension payments I received at that time, I would need $1.27 today, just to break even with the increased costs of living.

When the COLA was taken away I felt that I might, in some way assist the State in balancing the budget. After over ten years of doing without my C0LA I have come to the realization that the State of Rhode Island will never become fiscally responsible.

I am Russ Marsocci and I'm the Municipal Vice President of AFSCME RI Chapter 94 Retirees.

Good afternoon. I am a Charlestown Police Officer and have been employed by the Town of Charlestown since July 1st, 1999. The new pension laws added 7 years to my minimum retirement obligations because of my age when I was hired.

I can't imagine what I will need to do to survive on 32000 per year in retirement I started paying into the system when a lower wage was offset by the promise of a livable percent of that salary in retirement.

I have been working in the school system for 20 years, and as I approach retirement age I am concerned about the lack of benefits I am going to receive. The first 10 years of my career I was promised a much greater percentage, and earlier retirement.