Press Releases


R.I. Pension Fund earns $55.7 million in May

Rhode Island's pension fund continued to deliver strong performance in May, earning $55.7 million.

The fund's 0.67 percent return in the month of May outperformed a traditional 60% stock/40% bonds strategy which returned 0.36.

"All Rhode Islanders deserve retirement security, particularly those who have spent their lives serving the community as teachers, civil servants and first responders," said General Treasurer Seth Magaziner. "Our continued strong investment performance in recent years is a positive development for members of the pension system and for all Rhode Island taxpayers."

Fiscal year-to-date, the portfolio earned 8.28 percent net of fees, outperforming 60% global equity/40% fixed income benchmark return of 6.65 percent. Over a 3-year time frame, the portfolio earned an annualized return of 5.91 percent net of fees versus the 60/40 benchmark, which earned 5.18 percent.

Over a 5-year time frame, the portfolio earned an annualized return of 6.82 percent net of fees, outperforming the 60/40 benchmark, which posted a 4.81 percent return.

Detailed information about the $8.3 billion fund, including the Back to Basics investment strategy, performance, and detailed information about its managers are published online as part of Treasurer Magaziner's 'Transparent Treasury' initiative at:

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Contact: Randy Rice, Deputy Director of Communications (401) 222-2397

Related links

  • Department or agency: Office of General Treasurer Seth Magaziner
  • Online:
  • Release date: 06-27-2018

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