Union members, retirees learn about pension settlement

Rhode Island's proposed pension settlement is getting the once-over from the public.

The first in a series of informational sessions about the settlement was held Wednesday evening at the Cranston Portuguese Club. About 300 union members and retirees attended.

Additional meetings will be held across the state over the coming weeks.

The settlement would put an end to legal challenges over pension reform.

The deal would roll back some of the law's changes and give retirees modest pension increases. It would increase annual government pension costs, beginning with $24 million more in fiscal year 2016.

The settlement must be approved by unions, retirees and state lawmakers.