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1540 Updates

Rhode Island Treasurer Seth Magaziner is releasing a regular report detailing the status of each of the 34 locally-administered municipal pension plans in Rhode Island. For the first time, Magaziner's office notes the report includes individual report cards on the health and outlook of each plan. The pension plans carry a combined unfunded liability of nearly two-and-a-half-billion dollars, and over a third of the plans are in critical-funded status, according to a press release. Magaziner says the report cards clearly show that many of the pension plans face significant challenges.




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