{"id":27235,"date":"2011-07-13T02:00:07","date_gmt":"2011-07-13T02:00:07","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/a_small_citys_depleted_pension_fund_rattles_rhode_island\/"},"modified":"2011-07-13T02:00:07","modified_gmt":"2011-07-13T02:00:07","slug":"a_small_citys_depleted_pension_fund_rattles_rhode_island","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=27235","title":{"rendered":"A Small City\u2019s Depleted Pension Fund Rattles Rhode Island"},"content":{"rendered":"<p>The small city of Central Falls, R.I., appears to be headed for a rare municipal bankruptcy filing, and state officials are rushing to keep its woes from overwhelming the struggling state.<\/p>\n<p>The impoverished city, operating under a receiver for a year, has promised $80 million worth of retirement benefits to 214 police officers and firefighters, far more than it can afford. Those workers\u2019 pension fund will probably run out of money in October, giving Central Falls the distinction of becoming the second municipality in the United States to exhaust its pension fund, after Prichard, Ala.<\/p>\n<p><a href=\"http:\/\/www.nytimes.com\/2011\/07\/12\/business\/central-falls-ri-faces-bankruptcy-over-pension-promises.html\">Read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The small city of Central Falls, R.I., appears to be headed for a rare municipal bankruptcy filing, and state officials are rushing to keep its woes from overwhelming the struggling state. The impoverished city, operating under a receiver for a<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=27235\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40,615,149,597,662,593,151,596],"tags":[],"class_list":["post-27235","post","type-post","status-publish","format-standard","hentry","category-economics-politics","category-city-government","category-economy","category-laborlabor-unionslabor-market","category-pensions","category-personal-finance","category-politics-in-general","category-the-credit-freeze-crisis-of-fall-2008the-recession-of-2007"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/27235","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=27235"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/27235\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=27235"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=27235"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=27235"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}