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Providence Journal Commentary

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.

Continue reading in the Providence Journal.