PROVIDENCE – Rhode Island’s pension plan reached an all-time high in value of $8.8 billion at the end of 2019, earning $1.3 billion from investments, R.I. General Treasurer Seth Magaziner said on Thursday.
The previous highest value was at the end of October 2007 at $8.7 billion. The pension plan also hit $8.6 billion at the end of January 2019.
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Magaziner said the pension plan in 2019 had a return percentage of 16.7%, ahead of the plan’s benchmark of 15%.
Magaziner attributed the fund’s performance to global public equities, including low-fee index funds.
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