{"id":12545,"date":"2012-01-05T18:48:01","date_gmt":"2012-01-05T23:48:01","guid":{"rendered":"http:\/\/cfif.org\/v\/freedom_line_blog\/?p=12545"},"modified":"2012-01-05T18:57:48","modified_gmt":"2012-01-05T23:57:48","slug":"rhode-island%e2%80%99s-pension-reform-success","status":"publish","type":"post","link":"https:\/\/cfif.org\/v\/freedom_line_blog\/12545\/rhode-island%e2%80%99s-pension-reform-success\/","title":{"rendered":"Rhode Island\u2019s Pension Reform Success"},"content":{"rendered":"<p>The <a href=\"http:\/\/washingtonexaminer.com\/opinion\/columnists\/2012\/01\/manhattan-moment-democrat-raimondos-rhode-island-reforms-are-remarkable\/2\" target=\"_blank\">Manhattan Institute<\/a> is honoring Rhode Island Treasurer Gina Raimondo for doing the seemingly impossible \u2013 reforming a Democratic state\u2019s public pension system so that it starts to realize savings within years, not decades.\u00a0 (The key is changing the contribution and pay-out systems for everyone, not just new hires and non-vested employees.)<\/p>\n<p>But beyond dollars and cents, Raimondo made an appeal that should convince people whether it\u2019s made by her or Paul Ryan.<\/p>\n<blockquote><p>Without real reform, Rhode Island&#8217;s annual pension costs would soar by hundreds of millions of dollars a year &#8212; a large figure in a state of one million residents. Raimondo emphasized that <strong><em>the ever-rising demands of the pension system would mean less money available for education and municipal services, and a deterioration in the effectiveness of government<\/em><\/strong>.<\/p><\/blockquote>\n<p>The emphasis is mine, but it is one Raimondo shares.\u00a0 Government must do (some) important things and in certain areas it can even do nice things, but it cannot afford to do anything if a policy item starts to eat up the entire budget.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Manhattan Institute is honoring Rhode Island Treasurer Gina Raimondo for doing the seemingly impossible \u2013 reforming a Democratic state\u2019s public pension system so that it starts to realize savings within years, not decades.\u00a0 (The key is changing the contribution and pay-out systems for everyone, not just new hires and non-vested employees.) But beyond dollars [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[1947,1588,1447,2014],"class_list":["post-12545","post","type-post","status-publish","format-standard","hentry","category-posts","tag-manhattan-institute","tag-pension","tag-reform","tag-rhode-island"],"_links":{"self":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/12545","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/comments?post=12545"}],"version-history":[{"count":7,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/12545\/revisions"}],"predecessor-version":[{"id":12551,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/12545\/revisions\/12551"}],"wp:attachment":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/media?parent=12545"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/categories?post=12545"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/tags?post=12545"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}