Calling R.I. Treasurer’s Pension Bluff
Rhode Island’s pension fund (mainly covering state employees and teachers) hasn’t been doing very well at the investment market’s poker table. According to a Dec. 16 article by Katherine Gregg (“R.I. pension fund sharply lags expectations again”), the $7.63 billion fund has seen only a 0.88 percent return on its investments during the calendar year now coming to a close. The pension system’s financial plan requires a 7.5 percent return every year.