Pension fund returns 8.03% in FY18

THE RHODE ISLAND state worker pension fund returned 8.03 percent in fiscal 2018 and was worth $8.3 billion on June 30, 2018. General Treasurer Seth Magaziner chairs the State Investment Commission that oversees the pension fund's investments. / PBN FILE PHOTO/MICHAEL SALERNO
THE RHODE ISLAND state worker pension fund returned 8.03 percent in fiscal 2018 and was worth $8.3 billion on June 30, 2018. General Treasurer Seth Magaziner chairs the State Investment Commission that oversees the pension fund's investments. / PBN FILE PHOTO/MICHAEL SALERNO
PROVIDENCE – The Rhode Island state worker pension fund returned 8.03 percent in fiscal 2018 on its investments, according to R.I. General Treasurer Seth Magaziner Monday. The fund’s target had been 7 percent and its benchmark for performance returned 7.59 percent in the same time frame. The value of the Employees’ Retirement System of the State…

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