Retirement Board - The Board - Learn More About The Sic

The Board meets quarterly and has four standing committees that meet monthly.

Current members of the Retirement Board are:

• General Treasurer James A. Diossa, Chair, Ex Officio Member
• Brenna McCabe, Designee to Director, Department of Administration
• Joseph Codega, Jr., Director/Budget Officer (Appointed by Dir. of Admin.)
• Andrew E. Nota, Designee of The League of Cities and Towns, Ex Officio Member
• Alan G. Palazzo, Retiree Member Representative
• Sandra M. Paquette, Retiree Member Representative
• Yan Li, P.E., Active State Employee Representative
• Claire M. Newell, Active State Employee Representative
• Matthew K. Howard, Active Municipal Employee Representative
• Michael J. Cicerone, Jr., Active Teacher Representative
• Michael J. Twohey, Active Teacher Representative
• Mark A. Carruolo, Public Representative (Appointed by the Governor)
• Jean Rondeau, Public Representative (Appointed by the Governor)(Vice Chair)
• William S. Murray, Public Representative (Appointed by the General Treasurer)
• Dr. Laura Shawhughes, Public Representative (Appointed by the General Treasurer)

The State Investment Commission (SIC), established under Rhode Island General Law 35-10, oversees the assets of the pension system as well as non-pension related investments such as the General Fund. The SIC has a fiduciary duty to put first the interests of the members of the retirement system, and to pursue the best investment portfolio possible.