Robert Flanders, the city's former state-appointed receiver, said the "pensions were way too generous" for a poor community. City workers were retiring after 20 or 25 years "in the middle of their working life" and taking other jobs while receiving their city pensions, he said.
Date: Aug 04, 2013
Category: Business
Source: Google
Central Falls Bankruptcy Driven by Pensions Casts Shadow Over Rhode Island
Rhode Islands poorest city sought court protection afterretirees failed to accept cuts in pensions and benefits, pushingit into insolvency, according to Robert Flanders, a former stateSupreme Court justice named to oversee Central Falls financesearlier this year. The city asked the court to let
The cash-strapped city had no options left after raising taxes, cutting services to the bone and failing to convince municipal retirees and current workers to accept cuts to their pensions and benefits, Robert Flanders, the state-appointed receiver overseeing the citys finances, said at a news co
Central Falls Receiver, Robert Flanders, says this is one of last resorts since city taxes have been raised and services are cut "to the bone." Flanders also said he plans to reduce pension benefits beginning in late August. He will also ask the federal court to reject collective bargaining agreem
Date: Aug 01, 2011
Category: Business
Source: Google
'Dire' Fiscal State Forces Rhode Island City Into Bankruptcy
A petition was filed today after state officials failed to persuade police, fire and municipal employee unions to accept concessions and to get retirees to agree to lower benefits, according to a statement from Robert Flanders, a former state Supreme Court justice named to oversee the city's finance
Date: Aug 01, 2011
Category: Business
Source: Google
'Dire' Situation Forces Rhode Island City of Central Falls Into Bankruptcy
The petition was filed today after state officials failedto persuade unionized police, firefighter and municipal retireesto accept voluntary benefit concessions, according to astatement from Robert Flanders, a judge appointed to oversee thecitys finances. Flanders said he asked the court to rej
Dr. Flanders earned his Bachelor of Arts in 1971 from State University of New York in Fredonia, NY, earned his Masters of Science in 1979 at the University of Texas at Dallas in Dallas, TX and was the...