State Government Press Releases

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06/07/2017
Rhode Island General Treasurer Seth Magaziner is joining shareholders across the country in demanding that energy companies disclose information about climate change policies, risks and lobbying expenses. "As the Ocean State, Rhode Island has a critical interest in the sustainability of our...
06/06/2017
General Treasurer Seth Magaziner today praised the House Finance Committee's unanimous passage of H 5923 which creates a legislative requirement to continue the "Transparent Treasury" investment policy implemented by Treasurer Magaziner in 2015. "Rhode Islanders deserve to know where their...
06/01/2017
West Warwick municipal retirees and Town Council are united in support for General Treasurer Seth Magaziner's Healthy Local Pensions (HELP) Act, which will make it easier for cities and towns with locally administered pension plans to join the state run Municipal Employees' Retirement System (MERS).
05/25/2017
During the ongoing 2017 shareholder season the Rhode Island pension fund will vote "no" on management-backed compensation plans for executives at publicly traded companies including Wal-Mart, American Express, Charter Communications, and pipeline builder NuStar Energy. "My job as Treasurer is...
05/24/2017
The Rhode Island Pension Fund continued its recent strong performance in the month of April earning $79 million from investment gains Rhode Island General Treasurer Seth Magaziner today told members of the State Investment Commission. "We are implementing our "Back-to-Basics" investment...
05/04/2017
PROVIDENCE, RI - General Treasurer Seth Magaziner today paid a surprise visit to the North Kingstown High School classroom of Richard Garland naming him the state's second-ever Financial Literacy Educator of the Year. "Mr. Garland has brought his own experience in business to the classroom...
05/03/2017
PROVIDENCE, RI - Rhode Island's pension system has hit a milestone in its move away from hedge funds, recouping more than $340 million to date General Treasurer Seth Magaziner announced today. "We are moving away from the high-cost hedge funds that have failed to meet expectations while...
04/27/2017
Seizing an opportunity to save taxpayers millions, General Treasurer Seth Magaziner today announced $7.2 million in savings found by refunding $70 million in state debt to take advantage of more favorable interest rates. "Rhode Islanders deserve to know that they have an advocate in state...
04/26/2017
Six months after announcing its 'Back to Basics' investment strategy, Rhode Island's pension fund continued its strong run, returning 0.75% in March despite flat performance in the US stock market, General Treasurer Seth Magaziner announced at today's meeting of the State Investment Commission. "
04/24/2017
Rhode Island General Treasurer Seth Magaziner has joined shareholders from across the country by voting against all sitting independent directors at Wells Fargo, following the massive fraud perpetrated against their customers. The Rhode Island pension fund currently owns 139,256 shares of Wells...