State Government Press Releases

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12/11/2018
Rhode Island General Treasurer Seth Magaziner today announced that Employees' Retirement System of Rhode Island filed a motion with the court to lead a shareholder class action lawsuit against Alphabet Inc., parent company of Google, after it was revealed that Google executives had hidden privacy...
11/16/2018
Treasurer Seth Magaziner today announced that Kate Brock will serve as Chief of Staff in the Office of the General Treasurer effective January 1, 2019. "For the past three years, Kate Brock has been an exemplary member of Team Treasury," said Treasurer Magaziner. "As Deputy Director of...
10/30/2018
Rhode Island Treasurer Seth Magaziner joined members of Rhode Island's business and veteran communities to announce a new incentive to support small business loans to veteran-owned businesses through the state's BankLOCAL program. "Small businesses are the backbone of Rhode Island's economy,...
10/29/2018
PROVIDENCE, R.I. Treasurer Seth Magaziner today was recognized for his efforts to expand the Crime Victim Compensation Program to help victims of domestic violence, receiving a "Civic Award" during a luncheon supporting the Domestic Violence Program at Crossroads Rhode Island. Recently,...
10/24/2018
The State's investment strategy earned $22.8 million in September, staying ahead of benchmarks and closing the first quarter of the fiscal year with more than $231 million earned from investments. "Our members deserve a stable and healthy retirement system," said Treasurer Magaziner. "The Back...
10/17/2018
Rhode Island Treasurer Seth Magaziner, along with Illinois Treasurer Michael Frerichs, Pennsylvania Treasurer Joe Torsella, and New York City Comptroller Scott Stringer, has co-filed a shareholder proposal at Facebook, requesting the board of directors make the role of Board Chair an independent...
09/27/2018
Rhode Island will be voting against more compensation packages for corporate executives if the pay is not aligned with company performance, state treasurer Seth Magaziner announced today. "At a time when income inequality has grown to alarming levels in our country, investors like the pension...
09/26/2018
The State's investment strategy earned 0.96 percent during the month of August, outperforming its benchmark return of 0.88 percent and continuing to deliver strong returns for the pension fund. "Our members deserve a stable and healthy retirement system," said Treasurer Magaziner. "The Back...
09/21/2018
Rhode Island Treasurer Seth Magaziner today issued an overview of the actions his office has taken this year to strengthen corporate accountability at hundreds of publicly traded companies in which the state's pension fund invests. Each year, publicly traded companies seek votes from...
09/17/2018
September 17, 2018: Rhode Island's 529 education savings plan, CollegeBound, has been rated as one of the best plans in the country by Savingforcollege.com, an independent authority on 529 savings plans, receiving five out of five in its "5-Cap" rating system for Rhode Island residents. "The...