Tag: Rhode Island
Report finds that more than one-third of local pensions are in critical status.
Previous state pension plan changes noted in ruling.
Payments to be automatically processed during 2017 holiday season.
Fund participants could see a 40% cut in benefits across the board.
Plan earns $851 million in fiscal 2017.
Treasury says lowering investment, inflation assumptions will avoid $500 million shortfall.
Goldman Sachs Asset Management managing director replaces interim CIO Tim Nguyen.
State to reduce hedge fund investments by more than $500 million over two years.