RI pension fund reaches all-time high: $10.42 billion

Earned over $2 billion 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 Back-to-Basics Investment strategy is helping is to support economic opportunity and financial stability in Rhode Island by strengthening the pension fund that thousands of Rhode Island families rely on for retirement security," said Rhode Island General Treasurer Seth Magaziner.   

During the month of August 2021, the pension fund returned 1.26%. The pension fund continues to outperform its long-term actuarial target return, achieving annualized returns of 20.31%, 11.29%, and 10.63% for the trailing 1-year, 3-year, and 5-year periods. 

A traditional 60% stock / 40% bond portfolio would have returned only 16.55%, 11.13%, 9.98% over the same periods, respectively.  

Additional information about the Rhode Island pension system, including the 'Back to Basics' investment strategy and performance, can be found online as part of Treasurer  Magaziner's "Transparent Treasury" initiative at investments.treasury.ri.gov.  

All performance is reported on a "net of fees" basis.