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The 2014 Pension 40: Gina Raimondo

    14
    Gina Raimondo
    Governor-elect
    Rhode Island
    Last year: 11

    “I was the underdog,”Gina Raimondo says of the 2014 Rhode Island gubernatorial election她以微弱的优势赢了,第一个民主党人当选governor of the state in 24 years. As a woman and a political newcomer, despite serving four years as Rhode Island’s general treasurer, Raimondo, 43, had a few strikes against her in her race against Allan Fung, the Republican mayor of Cranston. The biggest challenge, in both the primary and general elections, was her leading role in the Rhode Island Retirement Security Act of 2011, which reformed the state’s underfunded, $7 billion defined benefit retirement fund over objections from most state employee unions. The bill, currently being challenged in the courts, tied cost-of-living adjustments to the plan’s funded levels and investment returns, and created a hybrid defined benefit and defined contribution system. For Raimondo, a Rhodes scholar and Yale Law School grad who went into venture capital, putting the state pension fund on a sound fiscal basis was just the first step in her plan for an economic revival of Rhode Island, which has one of the highest unemployment rates in the U.S. Reducing the amount of state revenue going to pensions gives Rhode Island the opportunity to invest in other things. “Having the money to invest in the future and ability to attract businesses was totally enabled by what we did around pensions,” she says. Raimondo’s election shows that it is possible for a Democrat to take on pension reform and survive. “People love leaders who actually get things done,” she says.

    The 2014 Pension 40

    1
    2
    3
    4
    5
    Bruce Rauner
    Illinois
    John and
    Laura Arnold

    Laura and John
    Arnold Foundation
    Randi Weingarten
    American Federation of Teachers
    Rahm Emanuel
    Chicago
    David Boies
    Boies, Schiller & Flexner
    6
    7
    8
    9
    10
    Randy DeFrehn
    National Coordinating Committee for Multiemployer Plans
    Damon Silvers
    AFL-CIO
    Laurence Fink
    BlackRock
    Chris Christie
    New Jersey
    Robin Diamonte
    United Technologies Corp.
    11
    12
    13
    14
    15
    Ted Eliopoulos
    California Public Employees’ Retirement System
    John Kline
    Minnesota
    J. Mark Iwry
    U.S. Treasury Department
    Gina Raimondo
    Rhode Island
    Phyllis Borzi
    U.S. Labor Department
    16
    17
    18
    19
    20
    Orrin Hatch
    Utah
    Abigail Johnson
    Fidelity Investments
    Ted Wheeler
    Oregon
    Caitlin Long
    Morgan Stanley
    James Hoffa
    International Brotherhood of Teamsters
    21
    22
    23
    24
    25
    Amy Kessler
    Prudential Financial
    Alejandro
    García Padilla

    Puerto Rico
    Christopher Klein
    U.S. Bankruptcy Court for the Eastern District of Caifornia
    Steven Rhodes
    Bankruptcy Court for the Eastern District of Michigan
    Kevin de León
    California
    26
    27
    28
    29
    30
    David Draine
    Pew Charitable Trusts
    Jordan Marks
    National Public Pension Coalition
    Sam Liccardo
    California
    Joshua Rauh
    Stanford Graduate School of Business
    Karen Ferguson and Karen Friedman
    Pension Rights Center
    31
    32
    33
    34
    35
    Timothy Blake
    Moody’s Investors Service
    Kathleen Kennedy Townsend
    Center for Retirement Initiatives, Georgetown University
    Edward (Ted) Siedle
    Benchmark Financial Services
    Daniel Loeb
    Third Point
    Judy Mares
    Employee Benefits Security Administration, U.S. Labor Department
    36
    37
    38
    39
    40
    Andrew Biggs
    American Enterprise Institute
    Andy Stern
    Columbia University
    Kenneth Mehlman
    KKR & Co.
    Teresa Ghilarducci
    New School for Social Research
    A. Melissa Moye
    U.S. Treasury Department


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