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PROVIDENCE RETIREMENT BD. v. CITY COUNCIL OF PROVIDENCE

No. 93-336-A.

660 A.2d 721 (1995)

RETIREMENT BOARD OF the EMPLOYEES' RETIREMENT SYSTEM OF the CITY OF PROVIDENCE et al. v. CITY COUNCIL OF the CITY OF PROVIDENCE et al. John ARENA et al. v. Robert CLARKIN et al.

Supreme Court of Rhode Island.

July 10, 1995.

Attorney(s) appearing for the Case

Richard A. Skolnik, Skolnik, McIntyre & Tate Ltd., Charles D. Mills, Rodio & Ursillo, Ltd., Providence, for plaintiffs.

Richard G. Riendeau, Asst. City Sol., Charles R. Mansolillo, Providence City Sol., Providence, for defendant.

OPINION

LEDERBERG, Justice.

These consolidated cases came before the Supreme Court on the appeal of the defendants1 from a judgment of the Superior Court that enjoined them from implementing an amendment to the Code of Ordinances of the City of Providence. It is the conclusion of this court that the authority of the Providence Retirement Board of the Employees' Retirement System to invest pension funds was derived pursuant to...

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