State pension fund sees greatest return in three years in 2016

GENERAL TREASURER Seth Magaziner said the pension system outperformed the state's benchmarks in 2016 and earned more than $500 million for the pension system. / PBN FILE PHOTO/ MICHAEL SALERNO
GENERAL TREASURER Seth Magaziner said the pension system outperformed the state's benchmarks in 2016 and earned more than $500 million for the pension system. / PBN FILE PHOTO/ MICHAEL SALERNO
PROVIDENCE – The state’s $7.7 billion pension fund realized a 7.4 percent – or $530 million – gain on investment during 2016, marking the greatest…

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