Gina Raimondo

RI News
3:17 pm
Wed July 24, 2013

Raimondo: Pension Fund up by 11%, but Vulnerable to Economic Crises

State Treasurer Gina Raimondo says state pension system earned 11.1 percent.
Credit file / RIPR

Rhode Island’s pension fund earned a return on its investment of a little more than 11 percent for the fiscal year that ended June 30th. But state Treasurer Gina Raimondo is sounding a warning about the future of the state’s pension plan.

The 11.1 percent earned by the state pension fund is a big improvement over the 1.4 percent return a year earlier. Still, Rhode Island fared a bit worse than the 12.5 percent earned by the country’s largest public employee pension system, CALPERS, over the same period.

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On Politics
3:16 pm
Wed July 24, 2013

RI gets F in financial literacy national survey

Publicizing ways of making Rhode Islanders more financially literate has been a priority of State General Treasurer Gina Raimondo since she took office in 2011. But a national study by the Center for Financial Literacy at Champlain College in Vermont, which assigned grades to states according to the quality of their financial literacy programs has rated Rhode Island one of 11 states that was given an `F’ grade in financial literacy.

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Politics
8:25 am
Tue July 23, 2013

Moderate Ken Block Makes Moves for 2014 Governor's Race

Moderate Party gubernatorial candidate Ken Block has hired a veteran of Rhode Island politics to manage his run for governor next year.

Block has hired Jeff Britt to run his latest campaign for governor. Last year, Britt managed a spirited run by an independent challenger to House Speaker Gordon Fox. Block said he thinks Britt has the ability to make a big difference in his campaign.

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Politics
8:50 am
Fri June 28, 2013

Mayor Taveras Supports Repayment of 38 Studios Bonds

Providence Mayor Angel Taveras is supporting the General Assembly’s inclusion of money to pay back bondholders who invested in failed video game maker 38 Studios.  The legislative budget includes two and a half million dollars for the bondholders.

Opponents say not paying back the bonds will be less costly than coughing up a total of 90 million dollars over 8 years. They point to how Rhode Island isn’t legally required to pay back moral obligation bonds. But Taveras agreed with those who say that not paying the money would hurt the state’s credit rating and reputation.

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On Politics
4:35 pm
Fri June 21, 2013

38 Studios: It won't end well for RI

Will Rhode Island ever get beyond the shadow of the 38 Studios-Curt Schilling  disaster. RIPR political analyst Scott MacKay on why state government so far has not developed options for putting this behind us.

President John F. Kennedy said famously that ``life is unfair.’’ Some men,’’ he noted, ‘’are killed in a war, some men are wounded and some men never leave the country.’’

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Politics
8:41 am
Fri June 21, 2013

Republicans Hold Firm To Not Paying Back 38 Studios Bonds

The Republican leader in the Rhode Island House of Representatives is urging lawmakers to reject calls to pay back bonds for failed video game company 38 Studios.  Other state officials say a failure to pay back the bonds will hurt the state.

House Minority Leader Brian Newberry says the 6 Republicans in the House will unanimously oppose any effort to repay the 38 Studios bonds. He said legislative Democrats are rushing to judgment on the issue without having done their homework.

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Politics
12:23 pm
Tue June 18, 2013

Gov. Chafee Shrugs off Bloomberg Fundraiser for Treasurer Raimondo

New York City Mayor Michael Bloomberg came to Providence to stump for Chafee during the 2010 governor's race.
Credit file / RIPR

Gov. Lincoln Chafee is shrugging off news that New York City Mayor Michael Bloomberg is holding a fundraiser this week for state Treasurer Gina Raimondo.

Bloomberg stumped for Chafee in the 2010 governor’s race calling him one of the nation’s most effective leaders. Channel 12 reports that Bloomberg is hosting a fundraiser Thursday for treasurer Gina Raimondo, who is expected to run for governor. 

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On Politics
4:55 pm
Fri June 14, 2013

TGIF: 11 Things to Know About Rhode Island Politics + Media

Welcome back to my weekly column. You can find me on Twitter. Let's head in.

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Politics
8:02 am
Thu June 13, 2013

Audit Finds State Retirees Received Thousands in Disability Pension Overpayment

State Treasurer Gina Raimondo announced that six state retirees received $560 thousand in disability pension overpayment.
Credit Ian Donnis / RIPR

An audit shows that six state retirees received a combined overpayment of almost 560-thousand dollars in disability pensions. The state retirement system is working with law enforcement to determine whether to pursue criminal or civil charges against the individuals.

In a statement, state Treasurer Gina Raimondo said the retirees received the overpayments between 2001 and the end of 2011. Raimondo, who chairs the state Retirement Board, said disability pensions have been suspended for the six individuals.

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On Politics
1:25 pm
Wed June 12, 2013

Audit Shows Six Individuals Received $558K in Disability Pension Overpayments

Six people with disability pensions through the state retirement system received almost $560,000 in overpayments, an audit shows.

The findings were announced by state Treasurer Gina Raimondo, who chairs the state Retirement Board. She says they were revealed by the Employees' Retirement System of Rhode Island (ERSRI) and the auditing firm of Sullivan & Company.

Raimondo says the overpayments took place between 2001 and the end of 2011.

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