in archive
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.
Providence Journal Commentary
Shipping R.I. decisions to D.C.
The language of Brookings Institution scholar Bruce Katz (no relation), whom Gov. Gina Raimondo and the Rhode Island Foundation have invited into the state to offer consultation on economic development, might seem so close to some on the political right that casual news consumers would get the impression of substantial common ground.
Continue reading in the Providence Journal.