State Government Press Releases

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01/25/2019
The Rhode Island pension fund finished well ahead of U.S. and global stock markets in December due to the defensively positioned investments in the fund's portfolio. In a month where U.S. stocks fell more than nine percent, the pension fund posted a -2.88 percent return, outperforming the...
01/10/2019
General Treasurer Seth Magaziner has joined with Senator Sandra Cano (D-Dist. 8, Pawtucket) and Representative Joseph McNamara (D-Dist. 19, Warwick, Cranston) to introduce legislation that will expand the teaching of personal finance in Rhode Island's public high schools. Magaziner, Cano and...
12/20/2018
Treasurer Magaziner today released a white paper which calls for an increase in the level of high-quality personal finance instruction in Rhode Island public schools. "As soon as young adults turn eighteen, they are faced with financial decisions that can either help them achieve their...
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...