State Government Press Releases

Page 5 of 13
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...
04/20/2017
Continuing his commitment to strengthen Rhode Island's public finances, Rhode Island General Treasurer Seth Magaziner today released the most exhaustive Debt Affordability Study in the state's history, setting new debt affordability targets for the first time since 1999. "It is imperative...
04/18/2017
Each April, Rhode Island Treasury plans and promotes a month-long program of activities and educational opportunities to help financially empower Rhode Island, including workshops on saving for college and how to find out if the state is holding your unclaimed property. "Our financial system is...
03/29/2017
PROVIDENCE, R.I. Continuing his commitment to bring a steady hand to public finances throughout the state, Rhode Island General Treasurer Seth Magaziner today announced the "Healthy Local Pensions (HELP)" proposal, which will help cities and towns with locally administered pension systems...
03/22/2017
PROVIDENCE, R.I. Rhode Island's pension fund earned $128 million in investment gains in February 2017 bringing its 12-month investment earnings over the $1 billion mark, General Treasurer Seth Magaziner announced at today's meeting of the State Investment Commission. "Delivering long-term...
03/15/2017
General Treasurer Seth Magaziner today will join Neil Steinberg, President of the Rhode Island Foundation and Ellen Ford, President of People's Credit Union, at a hearing convened by Representative Deborah Ruggerio (D Dist. 74 Jamestown/Middletown), Chairwoman, House Committee on Small Business.
03/07/2017
General Treasurer Seth Magaziner and House Majority Leader K. Joseph Shekarchi (D-Warwick) are seeking to expand Rhode Island's Crime Victim Compensation Program (CVCP) to include support for minors who witness homicides or domestic violence. "In our state, it is estimated that children are...