Rhode Island General Treasurer Seth Magaziner today announced the launch of the "Rhode Island's ABLE" program, which allows Rhode Islanders living with disabilities and their families to save for disability related expenses without sacrificing their eligibility for federal disability assistance...
The U.S. Department of Labor last week issued Interpretive Bulletin 2016-1 which reinforces the validity and importance of investors' engagement with companies in their portfolio.
"My office is actively engaging with companies in our portfolio to reign in excessive executive pay, promote...
Citing a record number of student loan defaults, General Treasurer Seth Magaziner has filed a shareholder proposal with Navient Corporation (NASDAQ: NAVI) asking the student loan servicer to conduct a comprehensive review of the company's ability to adequately serve customers in, or at risk of,...
General Treasurer Seth Magaziner today sent Treasury Secretary-designate Steven Mnuchin a letter regarding the critical need to maintain protections established in the wake of the 2007-2008 global financial crisis and subsequent Great Recession.
"Rhode Islanders cannot afford another financial...
State Treasurer Seth Magaziner today announced that the Rhode Island pension fund will be joining concerned shareholders of energy companies ConocoPhillips (NYSE: COP), Exxon Mobile (NYSE: XOM), Chevron (NYSE: CVX) and Devon Energy (NYSE: DVN) in co-filing a proposal requiring the corporations to...
Rhode Island has joined a group of institutional investors filing a shareholder proposal demanding Wells Fargo (NYSE:WFC) address recent revelations of widespread consumer fraud and take steps to protect customers and shareholders from illegal predatory banking going forward, General Treasurer...
The turnaround of Rhode Island's 529 college savings program under General Treasurer Seth Magaziner was recognized this week when Morningstar awarded the state's CollegeBound Saver and CollegeBound 529 plans Silver and Bronze medals, respectively in its 2016 national ratings.
"The state...
The State Investment Commission today unanimously voted to terminate its investment in seven hedge funds pursuant to the newly adopted 'Back to Basics' investment strategy, announced General Treasurer Seth Magaziner, who chairs the Commission.
With today's action, Rhode Island will redeem an...
General Treasurer Seth Magaziner and Mayor Jorge Elorza today joined state and local officials to tour energy efficiency upgrades to the Providence Fire Garage facility.
The City of Providence is upgrading five city-owned buildings which were built between 1929 and 1950. The energy efficiency...
The state's pension system continued its months-long rally earning more than $45 million in positive returns in the month of September, announced Rhode Island General Treasurer Seth Magaziner today at a meeting of the State Investment Commission.
"Rhode Island's investments continue to deliver...
