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SEN. SHELDON WHITEHOUSE, D-R.I., has introduced legislation that would require some employers, who do not provide retirement plans, to automatically enroll employees in Auto-IRAs. / COURTESY OFFICE OF U.S. SEN. SHELDON WHITEHOUSE

Whitehouse wants automatic IRAs

WASHINGTON – Sen. Sheldon Whitehouse, D-R.I., last week introduced legislation that would require some employers, who do not provide retirement plans, to automatically enroll...
GENERAL TREASURER SETH Magaziner led the Rhode Island School Building Task Force meeting Friday, with co-chair Education Commisioner Ken Wagner, to discuss school infrastructure. /PBN FILE PHOTO/MICHAEL SALERNO

R.I. School Building Task Force meets to address school infrastructure crisis

PROVIDENCE – The Rhode Island School Building Task Force met Friday for the first time, to address the infrastructure deficiencies of schools in Rhode...
R.I. GENERAL TREASURER Seth Magaziner says the state is committed to strengthening the Employees' Retirement System of Rhode Island, which earned $117.4 million, or 1.7 percent, during July, increasing the fund’s market value to $8.2 billion. /PBN FILE PHOTO/MICHAEL SALERNO

R.I. pension fund earns $117M in July at rate of 1.7%

PROVIDENCE – The state pension fund earned $117.4 million, or 1.7 percent, during July, increasing the fund’s market value to $8.2 billion.The state pension...
GENERAL TREASURER Seth Magaziner, left, celebrates moving $15 million in state deposits to local banks and credit unions at Budare Grille in Central Falls in August./ COURTESY R.I OFFICE OF THE GENERAL TREASURER

Rhode Island moves $15M in deposits to local banks, credit unions

PROVIDENCE –  The state has moved $15 million in deposits to local banks and credit unions as part of an initiative to spur small-business...
RHODE ISLAND public pension fund during fiscal 2017 realized its strongest investment performance since 2014. /GRAPHIC COURTESY OF R.I. OFFICE OF GENERAL TREASURER

Rhode Island pension plan earned $851.4M during fiscal 2017

PROVIDENCE – The Rhode Island public pension fund realized an 11.6 percent return and earned $851.4 million during fiscal 2017, marking its best performance...
R.I. TREASURER SETH MAGAZINER announced the Rhode Island Unclaimed Property Division processed 10,070 claims in returning over $12.2 million in fiscal 2017. / PBN FILE PHOTO/ MICHAEL SALERNO

R.I. Treasury outperforms fiscal 2016 in unclaimed property returns

PROVIDENCE - The R.I. Treasury announced the state’s Unclaimed Property Division processed 10,070 claims in returning over $12.2 million in property in fiscal 2017.The...

Providence selected to host 2019 NAST Conference

PROVIDENCE – The National Association of State Treasurers will hold its 2019 Treasury Management Training Symposium at the R.I. Convention Center from May 21-24,...
R.I. GENERAL TREASURER Seth Magaziner, right, has named Richard Garland, of North Kingstown High School, the Rhode Island Financial Literacy Educator of the Year. /COURTESY TWITTER/@SethMagaziner

Garland named R.I. Financial Literacy Educator of the Year

NORTH KINGSTOWN – The Rhode Island treasurer has named Richard Garland of North Kingstown High School the state’s top financial-literacy educator.General Treasurer Seth Magaziner...
STATE OFFICIALS are lowering the pension funds assumed rate of return to 7 percent from 7.5 percent. / PBN FILE GRAPHIC LISA LAGRECA

Rhode Island to lower pension fund return to 7 percent

PROVIDENCE – The R.I. Retirement Board on Monday approved a proposal to lower market-return expectation for the state’s $7.9 billion pension fund.The board voted...
Seth Magaziner

Magaziner estimates debt restructure saved $7.2M

PROVIDENCE – The R.I. General Treasurer’s Office estimates it has saved $7.2 million through a recent restructuring of debt.The treasurer, Seth Magaziner, says the...
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