R.I. pension fund hits record $10.3B in assets in FY2021

THE RHODE ISLAND pension fund reached a record $10.3 billion in assets in fiscal year 2021, according to the R.I. Office of the General Treasurer. Pictured is General Treasurer Seth Magaziner. / COURTESY R.I. OFFICE OF THE GENERAL TREASURER
PROVIDENCE – Rhode Island's pension fund grew by $2.2 billion in fiscal 2021, ending the year with a record $10.3 billion in assets, General Treasurer Seth Magaziner announced on Wednesday. The 27% year-over-year increase continues a trend of strong performance during the COVID-19 pandemic despite what sometimes have been volatile financial markets.  Magaziner credited the…

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