Updated March 24 at 6:24pm
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Accountants, actuaries, politicians and union leaders are scheduled to meet on Friday to discuss the looming Rhode Island crisis related to public pensions and other post-employment benefits at a seminar dubbed “The Gathering Storm.” more
Pending Gov. Gina M. Raimondo’s signature, Rhode Island will establish a new advisory council to oversee local pension plans, which together are underfunded by more than $2 billion. more
A change in accounting standards that will require governments to start disclosing the amount of unfunded pension and retiree benefits on yearly balance sheets could put new pressure on public officials to step up payments on these plans, according to speakers at a conference organized by Donoghue Barrett & Singal P.C. and the Rhode Island League of Cities and Towns. more
One of the more challenging aspects of planning for the impact of free college tuition, under the Rhode Island Promise initiative now before the General Assembly, is trying to pin down how it will increase enrollments at the state's public colleges. … more
The SSV Oliver Hazard Perry, named for the 19th-century Rhode Islander and U.S. Navy commodore, was always envisioned as an educational vessel for Rhode Islanders. The nonprofit Oliver Hazard Perry Rhode Island raised $16 million in eight … more
The Dow Jones Industrial Average climbed tantalizingly close to 20,000 points in 2016, a gaudy milestone that, while symbolic, should not by itself encourage investors in the run-up to Inauguration Day and fourth-quarter earnings reports, according to regional wealth managers. more
(Updated 2:12 p.m.) A request for proposals is being sought for a study of McCoy Stadium and the surrounding area by the Pawtucket Red Sox and city and state officials. more
The R.I. State Police on Thursday released documents from the closed criminal investigation into 38 Studios LLC, a video game company that received a $75 million taxpayer-backed loan before filing for bankruptcy in 2012. more
The R.I. State Retirement Commission last month decided to cut its roughly $1 billion investment into hedge funds in half, saying the asset has underperformed and cost the state too much in fees over the last five years. The precarious … more
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