Faced with rising pension costs, Rhode Island passed changes to its public sector retirement system that go further than the reforms of any other state. Advocates of the plan claim it is needed to curb expanding costs that, left unaddressed, could have severe impacts on state finances and taxpayers. Opponents claim the measures go too far and put workers’ retirement security at risk.
In a new infographic, the Pew Center on the States explains the challenges the state faces, and looks at how the new law would affect workers as well as the state’s bottom line. Read our full report on states’ growing pension liabilities.