Thursday, January 21, 2021

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R.I. pension fund hits new $9 billion record in assets

PROVIDENCE – The state pension fund hit a historic high above $9 billion in assets in December, according to a news release from the...

R.I. pension system sees $113M decrease in unfunded liability in FY...

PROVIDENCE – The state pension system decreased its unfunded liability by more than $100 million in fiscal year 2020, the R.I Office of the...

Magaziner: State CollegeBound savings to help fund apprenticeships

PROVIDENCE – Rhode Islanders will now be able to use dedicated college savings plans to pay for apprenticeship costs, R.I. General Treasurer Seth Magaziner...
HELPING HAND: Anne McDermott, Salve Regina University financial aid director, says the university has taken steps to assist students financially during the COVID-19 pandemic, including forming the Mercy Emergency Relief Fund.  / PBN PHOTO/ELIZABETH GRAHAM

Debtors fret over end to student loan reprieve

Kimberly Silva was a mortgage underwriter for nearly 20 years when the market crashed in 2008. That spurred her to jump into a new...

Magaziner advocates for upping state bonding in final FY 21 budget

PROVIDENCE – As state lawmakers continue to weigh a not-yet-finalized fiscal 2021 spending plan, R.I. Treasurer Seth Magaziner is touting the state’s borrowing capacity...
THE STATE PENSION FUND lost $156.6 million in September, but continues to outperform its 12-month benchmarks, according to the R.I. Office of the General Treasurer. /COURTESY R.I. OFFICE OF THE GENERAL TREASURER

R.I. Pension fund loses $157M in Sept.

PROVIDENCE – After steady monthly increases since April, the state pension fund took a slight dip in September, losing $156.6 million, according to the...

R.I. pension fund kicks off new fiscal year with $272M return

PROVIDENCE – The state pension fund earned $272 million in investments in the first month of the new fiscal year, according to the R.I....

R.I. performs better than 87% of peer pension plans in FY...

PROVIDENCE – The Rhode Island pension fund has performed better than 87% of its peer pension funds in the fiscal year that ended June...
Maria Tavarozzi

Tavarozzi named R.I.’s Financial Literacy Teacher of the Year

Maria Tavarozzi, a math teacher at Rogers High School in Newport, has been named Rhode Island’s 2020 Financial Literacy Teacher of the Year by...
Mark Tracy

Providence pension crisis won’t vanish on its own

As the long-term economic effects of the pandemic are felt, the Providence pension fund crisis is entering its final act. Providence owes its pensioners...

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