Report: R.I. public pensions underperform assumptions by over 2 percentage points from 2001-2017

FITCH RATINGS said that Rhode Island was one of seven states where public pensions underperformed assumptions by more than 2 percentage points from 2001 to 2017. / BLOOMBERG NEWS FILE PHOTO/SCOTT EELLS
FITCH RATINGS said that Rhode Island was one of seven states where public pensions underperformed assumptions by more than 2 percentage points from 2001 to 2017. / BLOOMBERG NEWS FILE PHOTO/SCOTT EELLS
PROVIDENCE – Rhode Island’s state and local pensions had 10-year average returns of 5.1% and 17-year average returns of 5.7%, according to a new report issued by Fitch Ratings Tuesday. The median average returns of public pension plans in the 50 states over the 17-year span was 6.4%. Rhode Island was one of six states…

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