Tag: Rhode Island
Andrew Junkin will lead the state pension system’s investment operations after 15 years at the consulting firm.
Although the first quarter was a wipe-out for plans, a surge in a special-strategy segment of the portfolio limited the damage in the smallest state.
When the crisis abates, the gap between well-funded plans and the others will be even larger.
Rhode Island city had been sued for suspending police, firefighter COLAs.
Legislation would require church plans to follow ERISA standards.
High court reluctantly rejects challenge to 10-year suspension of COLAs.
State urges them to join consortium it administers and turn things around.