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IN THE VAULT: Treasurer Seth Magaziner, with Lammis Vargas, director of the Unclaimed Property Division of Rhode Island, inside a vault with various items that ended up being unclaimed from bank safe-deposit boxes. / PBN PHOTO/­MICHAEL SALERNO

More Rhode Islanders than ever before receive unclaimed money in FY18

PROVIDENCE – More Rhode Islanders than ever before are getting checks for unclaimed money since the state started a program last fall to speed...
THE RHODE ISLAND state worker pension fund returned 8.03 percent in fiscal 2018 and was worth $8.3 billion on June 30, 2018. General Treasurer Seth Magaziner chairs the State Investment Commission that oversees the pension fund's investments. / PBN FILE PHOTO/MICHAEL SALERNO

Pension fund returns 8.03% in FY18

PROVIDENCE – The Rhode Island state worker pension fund returned 8.03 percent in fiscal 2018 on its investments, according to R.I. General Treasurer Seth...

R.I. schools to be graded on how well they teach about...

PROVIDENCE – Rhode Island schools will be taking an exam in the future with one central question: How well do you teach financial literacy?Treasurer...
FROM LEFT: Brian Baldizar, assistant principal, Classical High School; Thomas Flanagan, chief academic officer, Providence Public Schools; Zawadi J. Hawkins-Gladstone, principal, Dr. Jorge Alvarez High School; Seth Magaziner, R.I. General Treasurer; Edward O. “Ned” Handy III, chairman & CEO, The Washington Trust Co.; Christopher Coleman, principal, Mt. Pleasant High School; and Judy Fried, assistant principal, Providence Career and Technical Academy, mark the success of Washington Trust’s financial literacy program at the bank’s East Side of Providence branch. / COURTESY THE WASHINGTON TRUST CO.

Washington Trust honored for its educational partnership promoting financial literacy

PROVIDENCE – The Washington Trust Co. has been awarded the 2018 Financial Capability Innovation Award by EverFi Inc. and its Financial Capability Network for...

$eeds for $uccess graduates first group of learners

CRANSTON – The inaugural $eeds for $uccess financial literacy program created and taught by the business advisory firm BlumShapiro graduated its first batch of...
GENERAL TREASURER SETH MAGAZINER announced the state has launched a new, dedicated information platform for bond investors, with an objective of increasing transparency into Rhode Island's public finances. / PBN FILE PHOTO/MICHAEL SALERNO

R.I. creates new information portal for bond investors

PROVIDENCE – With an objective of increasing transparency into Rhode Island’s public finances, the state has launched a new, dedicated information platform for bond...
PROBLEM AREA: The structural problems at Rogers High School in Newport are evident in the water-infiltration damage, which has affected both the interior and exterior of the building, which was completed in 1958. Jeff Watts, the school’s plant engineer, looks at one of the affected areas outside. / PBN PHOTO/MICHAEL SALERNO

Paying for badly needed school upgrades now will limit future borrowing....

Trinity Briceno, a senior at Cranston East High School, didn’t attend school between December and April.She was hospitalized in November after students and teachers...
TREASURER SETH MAGAZINER presents North Providence High School teacher Anthony Avicolli with the 2018 Financial Literacy Educator of the Year award. From left, Magaziner; Deb Avicolli, Anthony’s wife; Avicolli; and North Providence Mayor Charles A. Lombardi. / COURTESY R.I. OFFICE OF GENERAL TREASURER

Avicolli named R.I.’s 2018 Financial Literacy Educator of the Year

PROVIDENCE – Anthony Avicolli, a teacher at North Providence High School, has been named Rhode Island's 2018 Financial Literacy Educator of the Year.“Mr. Avicolli's...
R.I. GENERAL TREASURER SETH MAGAZINER and the Advosry Council on Locally Administered Pension Plans have released their annual report on state pension plans. / PBN FILE PHOTO/ MICHAEL SALERNO

Report: R.I. pensions carry $2.4B in unfunded liability

PROVIDENCE – General Treasurer Seth Magaziner released the report of the Advisory Council for locally administered pension plans last week, and included a new...
GENERAL TREASURER SETH MAGAZINER is in charge the state pension fund and how it is invested./ PBN FILE PHOTO/MICHAEL SALERNO

Rhode Island pension fund fell $263M in February

PROVIDENCE – The state’s $8.4 billion pension fund failed to yield positive returns in February, as market volatility helped fuel an overall decrease of...
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