Newsmakers
Google Sued over Data Breach by Rhode Island
Lawsuit alleges executives at Alphabet Inc. hid vulnerability that allowed 52 million users' privacy to be compromised.
Tag: Rhode Island
Asset Allocation
Rhode Island Pension Returns 1.51% in July, 7.8% for Year
Fund adds $125 million to reach $8.4 billion, beats benchmarks.
Rhode Island Pension Fund Returns 8%
State pension outpaces benchmark over the past 10 years.
Newsmakers
RI Treasurer Calls for Church Pension Transparency
Seth Magaziner says religious funds should have to abide by ERISA rules.
Regulation
Rhode Island Supreme Court Upholds Pension Cuts
Court rules that suspension of cost-of-living adjustments was ‘fair.’
Risk
Rhode Island Pension Plans Total $2.4 Billion Shortfall
Report finds that more than one-third of local pensions are in critical status.
Research
Rhode Island Pension Fund Returns 14.48%
Strong returns bring fund’s asset value to $8.42 billion.
Newsmakers
Federal Judges Dismiss Rhode Island Pension Lawsuit
Previous state pension plan changes noted in ruling.
Newsmakers
New Rhode Island Treasury Program to Return $10 Million to Residents
Payments to be automatically processed during 2017 holiday season.
Newsmakers
RI Hospital Workers’ Pension Fund Placed in Receivership
Fund participants could see a 40% cut in benefits across the board.
Rhode Island’s Pension Fund Outperforms Benchmark with 11.6% Return
Plan earns $851 million in fiscal 2017.
Rhode Island Approves Assumption Changes
Treasury says lowering investment, inflation assumptions will avoid $500 million shortfall.
Rhode Island Names Alec Stais as CIO
Goldman Sachs Asset Management managing director replaces interim CIO Tim Nguyen.
Rhode Island Withdraws $340 Million from Hedge Funds
State to reduce hedge fund investments by more than $500 million over two years.