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1540 Updates

State Treasurer Announces Pension System Action

Rhode Island Treasurer Seth Magaziner is announcing that the state's pension fund will stop investing in assault weapon manufacturers and private prison operators. Magaziner said the State Investment Commission voted to approve his proposal to pull out the investments. Magaziner said assault weapons and for-profit prisons have caused too much pain for countless Americans, and that this allows the state to do the right thing without impacting the health of the pensions system.



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