Rhode Island General Treasurer Seth Magaziner today released the 2019 Rhode Island Debt Affordability Study, which provides comprehensive information on the debt, pension and post-employment liabilities of the state, municipalities and quasi-public agencies of Rhode Island.
"Rhode Island must...
Rhode Island's pension plan earned $291,411,038 in the month of June, posting a 3.56% return. The positive performance was driven by the investments in the global stock market - mostly low fee index funds designed to provide long-term growth.
Under Treasurer Magaziner's leadership, the state...
Treasurer Seth Magaziner and Attorney General Peter Neronha commend lawmakers for passing a Student Loan Bill of Rights to protect Rhode Islanders through new consumer protections and oversight of student loan servicing practices.
"There is a growing student debt crisis in the country and in...
Approximately 2,900 Rhode Island Student Loan Authority (RISLA) borrowers will have their outstanding student loan balance reduced as part of a Loan Forgiveness Program announced today by RI General Treasurer Seth Magaziner and Charles Kelley, Executive Director of RISLA.
RISLA can reduce these...
General Treasurer Seth Magaziner today paid a surprise visit to Edward S. Rhodes Elementary School in Cranston to recognize James Gemma as Rhode Island's Financial Literacy Educator of the Year.
"Teaching our students the skills they need to manage their personal finances responsibly leads to...
Cortney Nicolato, President and CEO of United Way of Rhode Island joined Treasurer Magaziner and members of the General Assembly to announce the creation of a new fund, "Financially FIT Rhode Island", which will support state-wide financial literacy instruction in K-12 schools.
"When only a...
Rhode Island's pension fund earned $142 million from investments in the month of April, posting a 1.72 percent return. Investments in global public equities, primarily in low-fee index funds designed to provide long-term growth, contributed to the positive return.
The Rhode Island pension...
Rhode Island General Treasurer Seth Magaziner, ahead of 'National 529 Day', announced that babies born on May 29, 2019 will receive $529 to jump start their savings in Rhode Island's 529 program, CollegeBoundSaver.
"It is my honor to welcome tomorrow's newest Rhode Islanders to our community...
The Rhode Island House of Representatives today joined the State Senate in passing legislation that would require pension plans managed by religious organizations in Rhode Island to send regular updates on the financial health of the pensions to their plan participants, which would close a...
Rhode Island General Treasurer Seth Magaziner this week is hosting the largest meeting of the National Association of State Treasurers (NAST) in the organization's history, with nearly 750 attendees from across the country convening in Providence for the 2019 Treasury Management Training Symposium.
