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Rhode Island Pension Fund Sharply Lags Expectations Again
Providence JournalLink to more items from this source
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."

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