http://treasury.ri.gov Office of General Treasurer Seth Magaziner - Press Releases en-us [email protected] The Rhode Island pension fund continued its historically strong performance, finishing December 2021 with a new all-time high of approximately $10.79 billion after achieving an annualized return of 17.27% during 2021, the highest calendar year return since 2009. "My administration has... Wed, 26 Jan 2022 15:30:00 GMT http://www.ri.gov/press/view/42945 Rhode Island General Treasurer Seth Magaziner today made the following statement on Congressman Jim Langevin's announcement that he will not seek another term in the U.S. House of Representatives. "I am grateful to Congressman Jim Langevin for his partnership and service to Rhode Island. As a... Tue, 18 Jan 2022 18:45:00 GMT http://www.ri.gov/press/view/42915 Rhode Island General Treasurer Seth Magaziner today made the following statement on the departure of Dr. Nicole Alexander Scott as Director of the Rhode Island Department of Health. "Dr. Nicole Alexander Scott has been an incredible leader in her role as Director of the Rhode Island Department... Thu, 13 Jan 2022 18:15:00 GMT http://www.ri.gov/press/view/42865 Legislation seeks $300-million bond to continue critical school construction progress Rhode Island General Treasurer Seth Magaziner today joined co-sponsors Senator Hanna Gallo, Senator Sandra Cano, and Representative Brandon Potter, as well as educators, students, and community members to... Thu, 06 Jan 2022 21:30:00 GMT http://www.ri.gov/press/view/42811 Rhode Island General Treasurer Seth Magaziner today announced that he filed a shareholder proposal with Mastercard (NYSE: MA) which presses the board to act on the company's involvement with the sale and purchase of firearm kits, components, and/or accessories used to assemble undetectable and... Wed, 29 Dec 2021 17:00:00 GMT http://www.ri.gov/press/view/42767 Rhode Island General Treasurer Seth Magaziner today called on Governor McKee to take immediate action to address the dangerous hospital staffing shortage that has created a state of crisis in Rhode Island emergency rooms and other care delivery facilities across the state. This crisis has been... Mon, 20 Dec 2021 15:45:00 GMT http://www.ri.gov/press/view/42727 Rhode Island General Treasurer Seth Magaziner today encouraged Rhode Islanders to consider requesting or giving a gift contribution to a CollegeBound Saver account to make a real,long-lasting difference in the life of a child they care about. "A CollegeBound Saver 529 savings plan can make it... Mon, 20 Dec 2021 15:45:00 GMT http://www.ri.gov/press/view/42728 Rhode Island General Treasurer Seth Magaziner today announced the total unfunded liability of the Employees' Retirement System of Rhode Island decreased by $408,597,654 in the fiscal year ended June 30, 2021, and the funded status grew to 63.9%, the highest level since 2008. This is the third year... Wed, 15 Dec 2021 15:45:00 GMT http://www.ri.gov/press/view/42726 Rhode Island General Treasurer Seth Magaziner today called for increased precautions in workplaces and public spaces following news that Rhode Island posted the highest number of new cases in a single day since January 21, 2021. "As the number of new cases and hospitalizations due to COVID-19... Mon, 06 Dec 2021 20:45:00 GMT http://www.ri.gov/press/view/42628 Rhode Island General Treasurer Seth Magaziner today announced that Carol Aguasvivas will be promoted to Director of the Unclaimed Property department. "Carol has served Rhode Island and our country with skill and determination for decades," said Treasurer Seth Magaziner. "I'm extremely proud of... Mon, 06 Dec 2021 15:15:00 GMT http://www.ri.gov/press/view/42620 Rhode Island Outperforms 97% of Public Pension funds in Third Quarter; 95% Year to Date Rhode Island General Treasurer Seth Magaziner today announced that the Rhode Island Pension Fund outperformed 97% of public pension plans in the third quarter of 2021, continuing the consistent... Mon, 22 Nov 2021 15:30:00 GMT http://www.ri.gov/press/view/42529 Pension Fund earns more than $2.28 billion over the last year The Rhode Island pension fund continued its strong performance, finishing the month of October 2021 with a new all-time high of approximately $10.64 billion after earning more than $2.28 billion over the last year. "Strong... Thu, 18 Nov 2021 17:00:00 GMT http://www.ri.gov/press/view/42503 Report highlights $734 million invested in clean energy projects and infrastructure improvements supporting 17,250 jobs since 2015 Rhode Island General Treasurer Seth Magaziner today issued an overview of the impact of the Rhode Island Infrastructure Bank, which has invested more than $734... Wed, 10 Nov 2021 17:00:00 GMT http://www.ri.gov/press/view/42448 General Treasurer Seth Magaziner announced today that Courtney Carter will join his staff as Deputy Communications Director, effective November 8. "Courtney is an accomplished digital reporter and multimedia journalist with the ability to tell vivid and compelling stories about complex issues," Fri, 05 Nov 2021 19:00:00 GMT http://www.ri.gov/press/view/42413 Central Falls School Construction Bond Made Possible by Legislation Proposed and Supported by Treasurer Magaziner General Treasurer Seth Magaziner today celebrated the overwhelming support from voters in passing the School Construction Bond referenda in Central Falls and Portsmouth. One of Wed, 03 Nov 2021 01:15:00 GMT http://www.ri.gov/press/view/42396 General Treasurer Seth Magaziner announced today that 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 fourth year in a row that Rhode Island's Pension System has... Tue, 02 Nov 2021 17:15:00 GMT http://www.ri.gov/press/view/42395 The Rhode Island pension fund continued its steady performance during September 2021, returning -0.19% and significantly outperformed the U.S. stock market, which returned -4.49% as measured by the Russell 3000 index during the same period. "Our Back-to-Basics Investment strategy is helping is Wed, 27 Oct 2021 14:30:00 GMT http://www.ri.gov/press/view/42346 General Treasurer Seth Magaziner and his wife, Julia McDowell, today announced the birth of a son, who was born yesterday, October 20. Both mother and child are healthy, and the Treasurer and Julia wish to thank the staff at Women & Infants Hospital for providing exceptional care.... Thu, 21 Oct 2021 16:00:00 GMT http://www.ri.gov/press/view/42342 General Treasurer Seth Magaziner today released the following statement regarding the Rhode Island Foundation's stimulus spending plan: "Stimulus funding should be used to build a stronger economy that provides opportunity for all Rhode Islanders. I have supported the Rhode Island Foundation's... Tue, 19 Oct 2021 16:00:00 GMT http://www.ri.gov/press/view/42341 Treasurer Magaziner uses the influence of the state's $10.4 billion pension fund to compel companies to adopt more responsible corporate practices on climate change, workers' rights, corporate diversity and other key issues Rhode Island General Treasurer Seth Magaziner today issued an overview Thu, 14 Oct 2021 15:15:00 GMT http://www.ri.gov/press/view/42281 Fitch Ratings, Moody's Investors Service, S&P Global affirm ratings and stable outlook in advance of $135 million General Obligation Bond Sale General Treasurer Seth Magaziner today announced that Moody's Investors Services, Fitch Ratings, and S&P Global have completed their reviews of Tue, 05 Oct 2021 15:45:00 GMT http://www.ri.gov/press/view/42225 Pension Fund earns more than $2 billion over the last year The Rhode Island pension fund continued its strong performance, growing steadily during August 2021 with an all-time high of approximately $10.42 billion after gaining more than $2 billion in assets over the last twelve months. "Our Mon, 27 Sep 2021 14:30:00 GMT http://www.ri.gov/press/view/42221 Grant provided by Next Gen Personal Finance Co-Founder Tim Ranzetta to advance financial literacy education for Rhode Island students PROVIDENCE, R.I. – Rhode Island General Treasurer Seth Magaziner today joined Rhode Island Department of Education (RIDE) Commissioner Angélica Infante-Green,... Mon, 13 Sep 2021 15:45:00 GMT http://www.ri.gov/press/view/42107 Rhode Island General Treasurer Seth Magaziner today issued the following statement urging Governor McKee to institute a vaccine requirement for teachers and school support staff: "With children across Rhode Island returning to school this week, we must take immediate action to protect them from Tue, 31 Aug 2021 14:00:00 GMT http://www.ri.gov/press/view/41993 Awardees Selected for Commitment to Advancing Economic Opportunity and Financial Security Statewide Today, General Treasurer Seth Magaziner held the second annual Office of the General Treasurer Distinguished Service Awards ceremony, where he recognized seven valued partners who have worked... Wed, 25 Aug 2021 20:30:00 GMT http://www.ri.gov/press/view/41946 Pension Fund earns more than $2 billion over the last year The Rhode Island pension fund continued its strong performance, growing modestly during the first month of the new Fiscal Year ending June 30, 2022, with an all-time high of approximately $10.34 billion after gaining more than $2... Wed, 25 Aug 2021 15:15:00 GMT http://www.ri.gov/press/view/41947 Proof of Vaccination or Regular Testing Required for All Treasury Staff General Treasurer Seth Magaziner announced today that, in the week since he announced the policy requiring staff in his office to either provide proof of vaccination or submit to regular testing, all of the 82 active staff... Thu, 19 Aug 2021 13:45:00 GMT http://www.ri.gov/press/view/41901 Proof of Vaccination or Regular Testing Required Today, Rhode Island General Treasurer Seth Magaziner announced that beginning next week all staff in the Office of the General Treasurer will be required to provide proof of vaccination or proof of negative COVID-19 test result once per week,... Thu, 12 Aug 2021 17:00:00 GMT http://www.ri.gov/press/view/41858 General Treasurer Seth Magaziner today joined the Nonviolence Institute, Providence Police Captain Timothy O'Hara, Crime Victim Compensation Program recipient Nancy Camacho, program partners and community members in highlighting the Crime Victims Compensation Program, which provides support for... Thu, 05 Aug 2021 16:45:00 GMT http://www.ri.gov/press/view/41787 Today General Treasurer Seth Magaziner announced all staff in the Office of the General Treasurer are to resume wearing masks indoors, effective August 5th, regardless of vaccination status in accordance with CDC guidelines and Rhode Island's status as an area with substantial spread of the COVID-... Wed, 04 Aug 2021 14:15:00 GMT http://www.ri.gov/press/view/41777 Rhode Island General Treasurer Seth Magaziner today announced that Benjamin Smith will join his staff as Director of Communications, effective August 10, 2021. "Ben is a talented communications professional who has experience delivering effective communications and possesses strong connections... Tue, 03 Aug 2021 13:45:00 GMT http://www.ri.gov/press/view/41769 General Treasurer Seth Magaziner today issued the following statement, calling for the resignation of New York Governor Andrew Cuomo after a months-long investigation concluded that he sexually harassed at least 11 women, including current and former employees: "Women deserve to work in an... Tue, 03 Aug 2021 09:45:00 GMT http://www.ri.gov/press/view/41779 General Treasurer Magaziner announced that this month, the Employees' Retirement System of Rhode Island filed a lawsuit against certain officers, including co-founder and CEO Mark Zuckerberg and Chief Operating Officer Sheryl Sandberg, and members of the board of directors of Facebook (NYSE: FB)... Fri, 30 Jul 2021 06:15:00 GMT http://www.ri.gov/press/view/41760 Today General Treasurer Seth Magaziner announced that Rhode Island Pension Fund continued its strong performance under his "Back-to-Basics" investment strategy, closing the Fiscal Year ended June 30, 2021 with an all-time high investment gain of more than $2.2 billion for a total value of more than Wed, 28 Jul 2021 15:00:00 GMT http://www.ri.gov/press/view/41726 Today General Treasurer Seth Magaziner released the following statement regarding CNBC's "America's Top States for Business" ranking Rhode Island 46th in the country: "Rhode Island can, and must, do much better than 46th as a place to do business. We can make our state an economic leader with a Tue, 13 Jul 2021 15:30:00 GMT http://www.ri.gov/press/view/41654 The Office off General Treasurer Seth Magaziner will begin disbursing federal stimulus funds to cities and towns by the end of this month. The funds are part of the federally-passed American Rescue Plan Act, which aims to help states and municipalities recover from the economic and health effects... Wed, 23 Jun 2021 16:30:00 GMT http://www.ri.gov/press/view/41457 At the close of May, the Rhode Island Pension Fund earned $163 million, after recently reaching a historic high value of $10 billion and continuing its strong growth despite market volatility. "We are breaking new records with a prudent Back-to-Basics strategy, strengthening retirement security Wed, 23 Jun 2021 15:15:00 GMT http://www.ri.gov/press/view/41456 General Treasurer Seth Magaziner today announced that nearly 15,000 people will receive $2.5 million in missing money through the YourMoney program, a system developed by Treasurer Magaziner which automatically sends unclaimed property checks to eligible claimants. Checks up to $2,500 will be... Wed, 23 Jun 2021 13:15:00 GMT http://www.ri.gov/press/view/41455 General Treasurer Seth Magaziner today joined Governor Dan McKee, Senate Education Committee Chair Sandra Cano, House Deputy Whip Mia Ackerman, Pawtucket Mayor Donald R. Grebien, Department of Education Commissioner Angélica Infante-Green, Pawtucket Schools Superintendent Cheryl McWilliams, Tolman... Wed, 09 Jun 2021 18:30:00 GMT http://www.ri.gov/press/view/41331 This morning, Rhode Island General Treasurer Seth Magaziner released the following statement in commemoration of Memorial Day: "Today we honor the brave men and women who made the ultimate sacrifice for their country. They fought to defend all of us and to ensure that the promise of America... Mon, 31 May 2021 13:00:00 GMT http://www.ri.gov/press/view/41306 Rhode Island General Treasurer Seth Magaziner today announced that Rhode Island babies born on Saturday, May 29, 2021 will receive $529 through Rhode Island's 529 savings program, CollegeBound Saver, in celebration of "529 Day." "Any day is a good day to start saving for an education, but... Fri, 28 May 2021 15:00:00 GMT http://www.ri.gov/press/view/41237 General Treasurer Seth Magaziner today named Lammis Vargas Deputy Treasurer while also maintaining her current role as Director of Unclaimed Property. "As Treasurer, my top priority is providing Rhode Islanders with financial security and promoting economic growth. Lammis has played a critical Wed, 26 May 2021 18:30:00 GMT http://www.ri.gov/press/view/41218 General Treasurer Seth Magaziner today joined Senate Education Committee Chair Sandra Cano, House Deputy Whip Mia Ackerman, House Education Committee Chair Joseph McNamara, students and educators across the state to celebrate the passage of financial literacy legislation which, once signed into... Tue, 25 May 2021 22:30:00 GMT http://www.ri.gov/press/view/41219 In April 2021, the Rhode Island Pension Fund surpassed $10 billion in assets for the first time in history. This builds upon the strong growth of the previous year, when the pension fund continued to steadily climb despite market volatility. "Every Rhode Islander deserves retirement security,... Mon, 24 May 2021 17:00:00 GMT http://www.ri.gov/press/view/41220 This afternoon, Rhode Island General Treasurer Seth Magaziner applauded the passage of House Bill No. 5491 to ensure all Rhode Island high school students have access to personal finance education by the Rhode Island House of Representatives. The bill was introduced at the request of the Treasurer. Tue, 11 May 2021 21:30:00 GMT http://www.ri.gov/press/view/41129 General Treasurer Seth Magaziner tonight hosted a virtual ceremony recognizing 55 high school juniors from across Rhode Island with the General Treasurer's Young Leader Award. "These students are the leaders of tomorrow, who are both dedicated to their studies and supporting their community in Tue, 11 May 2021 00:00:00 GMT http://www.ri.gov/press/view/41128 Today, the Rhode Island General Treasurer's Office released the following statement: "Rhode Island General Treasurer Seth Magaziner has been notified that he may have come in contact with an individual who tested positive for COVID-19. The Treasurer has not tested positive and does not have... Sat, 01 May 2021 06:45:00 GMT http://www.ri.gov/press/view/41080 Treasurer Magaziner released the following statement regarding yesterday's passage of House Bill No. 5491, which was introduced at the request of the Treasurer, out of the House Committee on Education: "As a former public school teacher, I know that financial education can set young people up Thu, 29 Apr 2021 14:45:00 GMT http://www.ri.gov/press/view/41079 Today General Treasurer and School Construction Task Force Co-Chair Seth Magaziner joined East Providence Mayor Roberto L. Da Silva, Superintendent Kathryn Crowley, Rhode Island Building and Construction Trades Council President Michael Sabitoni and community members to release Moving Forward: A... Wed, 28 Apr 2021 11:45:00 GMT http://www.ri.gov/press/view/41078 The Rhode Island Treasurer's Office and Citizens Bank today hosted a virtual event for high school students in Rhode Island who have participated in Pathways: Financing Higher Education, an interactive digital financial education program. Pathways was designed to help students navigate the student... Mon, 26 Apr 2021 20:30:00 GMT http://www.ri.gov/press/view/41077