Nicholas Pension Consultants
Compensation Strategies Group, Ltd.
Nova 401(k) Associates
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|Rhode Island Pension Fund Sharply Lags Expectations Again|
Dec. 17, 2015
"Despite the state's hard fought pension overhaul, Rhode Island taxpayers still face more than $400 million in annual costs for state-employee and public-school teacher pensions, at a time when the state is not even close to meeting its 7.5-percent assumed rate of return on its investments. As of Wednesday, the calendar year-to-date return on the $7.63 billion state-run pension fund was 0.88 percent, according to the state treasurer's office. By way of comparison: the pension fund stood at $8.06 billion a year ago."