Rhode Island: Small State Gets Big Pension Push (WS Journal)

December 11, 2012 – Rhode Island’s rollback of public-employee retirement benefits has turned the small state into a national battleground over pensions. But little known is that a key player in the campaign to curtail pension costs in Rhode Island was financed, in large part, by a Houston billionaire who sees the state as an opening salvo in a quest to transform retirement systems nationwide. John Arnold, a 38-year-old former Enron Corp. natural-gas trader who later founded his own hedge fund, and his wife, Laura, were major donors to EngageRI, a group led by local business leaders that pushed for the pension changes.

Link to Full Article: http://online.wsj.com/article/SB10001424127887324339204578171340979593744.html


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