Report: State pension plans face growing challenges, R.I. no exception

RHODE ISLAND ranks 39th among the states for its funded ratio of its public pension plan at 29.6 percent. This measure looks at the total value of a plan's assets weighed against its accrued liabilities; the data was included in a report from the American Legislative Exchange Council and State Budget Solutions. / COURTESY ALEC/STATE BUDGET SOLUTIONS
RHODE ISLAND ranks 39th among the states for its funded ratio of its public pension plan at 29.6 percent. This measure looks at the total value of a plan's assets weighed against its accrued liabilities; the data was included in a report from the American Legislative Exchange Council and State Budget Solutions. / COURTESY ALEC/STATE BUDGET SOLUTIONS
PROVIDENCE – Nationwide, a new report says that state public employee pension plans are underfunded by nearly $5.6 trillion. At $18.6 billion, Rhode Island’s unfunded liability is one of the smallest among the 50 states, thanks to its size and fewer employed workers. However, Rhode Island’s rank plummets to the lower half of states when…

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