For status updates, visit lucyburns.org.
Ballotpedia's coverage of elections held on March 3, 2015, was limited. Select races were covered live, and all results will be added once the merger is complete.
Portsmouth, Rhode Island
Portsmouth is a municipality in Rhode Island.
- Main article: Rhode Island public pensions
The Portsmouth Town Council voted last month to slash its locally run pension plan’s projected rate of return from 8% to 6.75%. The state lowered its return forecast from 8.25% to 7.5% last year. Portsmouth and other Rhode Island communities with independent pension plans were ordered to obtain new studies of their financial health under a provision of the landmark state pension law enacted last November. The new rate of return and other changes cut the Portsmouth pension system’s funded level from 61.5% to 51.7%. The Portsmouth pension plan had 286 members as of July 1, 2011. The number of retirees collecting a pension from the plan rose to 83 last year, up from only nine in 2001. Taxpayers’ yearly contribution to the pension plan spiked from $1.2 million in 2002-03 to $2.8 million in 2012-13.
Find information for this town and the local public school at the Transparency Train Portal to Government Transparency - an online database of information provided by the Ocean State Policy Research Institute.