State Government Press Releases

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05/16/2019
Treasurer Magaziner's BankLOCAL initiative, which incentivizes banks and credit unions to make loans to small businesses in Rhode Island, has expanded its reach by welcoming two new banks, BankNewport and Freedom National Bank. "Small businesses are essential to Rhode Island's economy. Too...
05/14/2019
Rhode Island Treasurer Seth Magaziner recognized fifty-seven high school juniors from across the Ocean State with the Young Leader Award. The award is presented to high school juniors in the state of Rhode Island who have demonstrated outstanding achievement in math, economics, finance and...
04/29/2019
Treasurer Magaziner today, in his capacity as Chair of the Advisory Council for Locally Administered Pension Plans, released a report which details key information on the status and trends of each of the 35 locally-administered pension plans in Rhode Island. "All Rhode Islanders deserve...
04/26/2019
Rhode Island's 529 education savings program, CollegeBound, has, once again, been rated as one of the best plans in the country by Savingforcollege.com, an independent authority on 529 savings plans. "The cost of continuing education, whether at college or a trade school, is rising - with no...
04/09/2019
General Treasurer Seth Magaziner today will join legislative leaders to testify in support of legislation that would require pension plans managed by religious organizations in Rhode Island to send regular updates on the financial health of the pensions to their plan participants. "There are...
04/04/2019
Rhode Island Treasurer Seth Magaziner has successfully resolved a shareholder engagement with Mastercard, following an agreement by the company to significantly increase its public disclosure of lobbying expenses "As long-term investors in Mastercard we believe that full disclosure of the...
03/29/2019
PROVIDENCE, R.I. Rhode Island's pension fund earned $106 million from investments in the month of February, posting a 1.31 percent return. The positive performance was driven by the investments in the global stock market - mostly low fee index funds designed to provide long-term growth. "Rhode...
03/28/2019
Rhode Island Treasurer Seth Magaziner and Attorney General Peter Neronha today joined Senator Dawn Euer (D- Dist. 13, Jamestown, Newport) and Representative Joseph McNamara (D-Dist. 19, Warwick, Cranston), along with Brenda Dann-Messier, Commissioner of Postsecondary Education, and Liz Tanner,...
03/25/2019
General Treasurer Seth Magaziner today released his Office's 2018 Annual Report, which highlights work to support small businesses, make a once-in-a-generation investment in schools across Rhode Island, and how his office is returning millions of dollars in unclaimed property back to its rightful...
02/28/2019
Rhode Island's pension fund earned $323 million from investments in the month of January, a 4.14 percent return that finished ahead of the fund's benchmark which returned 3.60 percent. The positive performance was driven by the investments in the global stock market - mostly low fee index funds...