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Budget panel eyes COLA

August 5, 2012

WOONSOCKET — As the Budget Commission prepares to enter contract talks with the International Brotherhood of Police Officers — within a week, perhaps — the panel continues looking for possible economies in the cost of living adjustment benefit paid to retired cops and firefighters.
On Friday, Finance Director Thomas M. Bruce III provided commissioners with a detailed snapshot of how dramatically the city’s financial burden would shrink if the benefit, known as a COLA, were eliminated from the pension plan.

Read more in our print edition.

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