State urges them to join consortium it administers and turn things around.
Tag: Rhode Island
Treasurer Magaziner pulls ESG proxy proposal.
Fund adds $125 million to reach $8.4 billion, beats benchmarks.
State pension outpaces benchmark over the past 10 years.
Seth Magaziner says religious funds should have to abide by ERISA rules.
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.