State Government Press Releases

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11/24/2020
Providence, RI - - Rhode Island General Treasurer Seth Magaziner announced today that Seth Klaiman will join his office as Chief of Staff, effective December 7th. "Seth Klaiman is a talented public servant with many years of experience working in Rhode Island government," said Treasurer...
11/23/2020
Today, Treasurer Magaziner released the following statement regarding the State of Rhode Island's borrowing capacity: "As the General Assembly prepares to pass a FY 2021 budget, this is a good time to remind all stakeholders of the most recent analysis of state borrowing capacity conducted by...
11/18/2020
This October, as the U.S. stock market fell by -2.16% (as measured by the Russell 3000), the Rhode Island pension system declined by only -1.09%, benefitting from the diversification of the plan's Back to Basics investment strategy and ending the month with $8,680,681,661 in total plan assets. The...
11/11/2020
PROVIDENCE, RI -- This morning, Rhode Island General Treasurer Seth Magaziner released the following statement in commemoration of Veterans Day: "Generation after generation, Rhode Island servicemembers and their families have made grave personal sacrifices to protect our freedom and...
11/11/2020
PROVIDENCE, RI -- Rhode Island General Treasurer Seth Magaziner issued the following statement as results of the 2020 election were announced: "With the election of President-elect Biden and new leaders at the state and local level, now is the time to begin healing the divides that have...
10/28/2020
Treasurer Magaziner's Back to Basics investment strategy continues to provide growth and stability for members of the Retirement System, with the pension system earning 7.24% during the 12-month period ending September 30, 2020, significantly outperforming the plan's benchmark return of 5.87% for...
10/19/2020
Rhode Island General Treasurer Seth Magaziner and Connecticut State Treasurer Shawn T. Wooden have filed a letter with the U.S. Securities and Exchange Commission, urging fellow Cardinal Health shareholders to vote "no" on a proposed $2.5 million bonus for CEO Michael Kaufmann. "Cardinal Health...
09/24/2020
Rhode Island General Treasurer Seth Magaziner today announced that Rosie Hilmer will join his staff as Director of Communications, effective November 2, 2020. "Rosie Hilmer is a talented communications professional with significant government experience," said Treasurer Magaziner. "I'm pleased...
09/24/2020
The Rhode Island pension fund returned 2.92% in August, earning $254,897,082 from investments, as Treasurer Magaziner's Back to Basics investment strategy continues to provide growth and stability for members of the Retirement System. Over the 12-month period ending August 31, 2020, the system...
09/02/2020
The Rhode Island pension fund returned 3.21% in July, earning more than $272 million from investments, as Treasurer Magaziner's Back to Basics investment strategy continues to provide growth and stability for members of the Retirement System. Over the 12-month period ending July 31, 2020, the...