Rhode Island’s General Assembly was scheduled to meet late Tuesday afternoon in special session to consider overhauling the state’s pension system.

Gov. Lincoln Chafee and General Treasurer Gina Raimondo were scheduled to introduce proposed changes. They include combine traditional pensions with 401(k)-style retirement accounts; raising the retirement ages for most public workers; momentarily halt annual cost-of-living pension plan for retirees until pension funding reaches 70%; and hinge future cost-of-living-adjustment increases on pension investment gains.

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