Rhode Island Pension Transparency: ‘Still A Long Way To Go’

Rhode Island Treasurer Seth Magaziner, a former financial executive elected in 2014, has announced a landmark proposal to increase transparency at the state’s pension fund. Unlike dozens of states around the country, Rhode Island will now disclose the full range of fees and expenses it pays to investment managers and will fully disclose those managers’ performance.

“It really comes down to a basic principle,” said Magaziner, who announced the proposal Tuesday. “When you're managing public funds, the public has the right to know.”

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