Understanding the R.I. pension crisis, April 25

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Gary Sasse, Gina Raimondo, Alan Fung, & Ernie Almonte

at Vangermeersch Endowed Lecture

KINGSTON, R.I. – April 18, 2011 – The latest headlines about the Rhode Island pension fund reveal the funding deficit has jumped 27 percent, making the state’s pension liabilities among the worst in the country.

To help understand how this crisis affects every Rhode Islander, the University of Rhode Island’s College of Business Administration is bringing together a panel of well-known experts Monday, April 25, on the Kingston campus for the annual Vangermeersch Endowed Lecture. Free and open to the public, the program will be held in the Chafee Social Science Center, Room 271, 10 Chafee Road, at 7 p.m.
Those unable to attend the lecture can watch it live online URI Live!

“We’ve been aware for a long time that state and municipal pensions had serious funding issues, and the topic has received plenty of publicity, but it’s difficult for people to wrap their arms around,” said College of Business Administration Dean Mark Higgins. “We are not attempting to solve the crisis but we will shine a bright light on a controversial issue. Our goal is to put it in an understandable context.”

The moderator will be Gary Sasse, director of Bryant University’s Institute for Public Leadership and former executive director of the Rhode Island Public Expenditure Council.

The panel features:

• Gina Raimondo, general treasurer for the state of Rhode Island and co-founder of Point Judith Capital

• Alan Fung, mayor of Cranston

• Ernie Almonte, former Rhode Island auditor general and a partner at DiSanto Priest & Co.’s Anti-Fraud Consulting and Government Financial & Public Policy Practices

If you have a disability and need accommodation, please call 401.874.4377 at least three business days in advance. For TTY assistance, please call the Rhode Island Relay Service at 800.745.5555.