R.I. Treasury's 2017 Annual Report Highlights Progress in Strengthening Pension System

Treasurer Magaziner recently released his 2017 Annual Report which highlights progress made toward improving the state's economy, strengthening its pension system and finding ways to put Treasury's resources to work for Rhode Islanders.

"As Treasurer, I remain committed to promoting economic growth and financial stability for all Rhode Islanders," said Treasurer Magaziner. "2017 saw the implementation of a number of new efforts to better serve the people of Rhode Island including programs to support small business lending, return millions of dollars in unclaimed property to Rhode Islanders automatically, and efforts to strengthen the state's retirement system."

In its first full year, Treasurer Magaziner's 'Back to Basics' investment strategy, which included exiting more than $500 million from hedge funds, the state's pension fund earned more than $1.09 billion and grew to a decade-high $8.42 billion by December 31, 2017.

You can download the Annual Report here.