Tag Archives: porstmouth firefighters pension 401(k)

Portsmouth fire station

Portsmouth fire union first to agree to 401(k) retirement plan

Portsmouth fire union first to agree to 401(k) retirement plan

Three year contract trades raises for pension change Portsmouth and its firefighters’ union have signed a three-three year contract that the town says averts a looming “pension crisis.” “Ours is the first firefighters’ union in Rhode Island to agree to a 401(k)-style retirement plan instead of the traditional defined benefit plan,” Town Manager John Klimm

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