A report commissioned by the largest state employee union claims Treasurer Gina Raimondo’s overhaul of Rhode Island’s pension system is enriching Wall Street investment managers.
State Treasurer Gina Raimondo's office and one of her most prominent critics, Ted Siedle, are trading shots anew after the state's largest public-employee union hired Siedle to review the work of the state Investment Commission.
In a statement, Raimondo spokeswoman Joy Fox says:
In politics, as in pensions, assets can turn into liabilities. RIPR political analyst Scott MacKay wonders if an advocacy group for pension overhaul that doesn’t need to disclose its members has become state Treasurer Gina Raimondo’s Achilles heel.