RI Pension System receives national recognition for
quality of financial reporting
The Government Finance Officers Association (GFOA) has
awarded Employees' Retirement System of Rhode Island its highest form of
recognition in governmental accounting and financial reporting for its 2017
Comprehensive Annual Financial Report.
"Over the past three years, we have focused on making the
pension system's financial information easier for the public to access and
understand," said Treasurer Magaziner. "I am grateful to the
hard-working professionals in our office who serve the public and am pleased
that GFOA recognized our efforts."
The Employee's Retirement System of Rhode Island's 2017 Comprehensive Annual Financial Report (CAFR), which was published in December 2017, was judged by an impartial panel which found that the Report demonstrated a "spirit of full disclosure" to clearly communicate financial information, as well as an overall status report on the operations of the retirement system.
In the letter informing Treasurer Magaziner of
the award, GFOA wrote "We hope that your example will encourage other
government officials in their efforts to achieve and maintain an appropriate standard
of excellence in financial reporting".
Employees' Retirement System of Rhode Island's 2017
Comprehensive Annual Financial Report can be downloaded at www.treasury.ri.gov/CAFR.