State retirement system assets dip in 2022

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THE state's public pension declined $620 million in value in the 2022 fiscal year, according to the latest audit. / PBN FILE PHOTO/CASSIUS SHUMAN
PROVIDENCE – Trending in line with states’ pension funds across the county, a report of the annual performance of the Employees’ Retirement System of the State of Rhode Island released Friday showed a net loss of $620 million in assets in fiscal year 2022. The audit, performed by the Office of the Auditor General and…

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