December 4, 2020

Rhode Island's Pension System Receives 3rd National Award for Transparency in Financial Reporting

December 4, 2020: Rhode Island's Pension System has been recognized for its commitment to transparency by the Government Finance Officers Association of the United States and Canada (GFOA). This is the third year in a row that the Pension System has won the GFOA Certificate of Achievement.

Treasurer Magaziner has prioritized transparency of the Pension System since day one. He implemented a "Transparent Treasury" policy - which requires pension investment managers to publicly report fees and performance - just months after he took office in 2015, and the policy was later passed into law by the RI General Assembly as a requirement for all future Treasurers.

The GFOA Certificate of Achievement recognizes the Pension Fund's commitment to a "spirit of full disclosure," for all Rhode Islanders.