Gina Raimondo

Politics
12:19 pm
Tue December 18, 2012

Taft-Carter orders mediation in the pension lawsuit

Superior Court Judge Sarah Taft-Carter this morning told the two sides in the legal challenge to last year's landmark overhaul of the pension system to try to settle their differences through mediation.

Court spokesman Craig Berke says the talks will be facilitated by the Federal Mediation and Conciliation Service, a branch of the federal government. Taft-Carter is due to be updated on the status of the discussions in early February.

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Politics
2:19 pm
Mon December 17, 2012

Raimondo hires new chief investment officer for state

State Treasurer Gina Raimondo has hired Anne-Marie Fink as the state's chief investment officer, replacing Kenneth Goodreau, who, Raimondo says, is leaving after four years for a CIO job with TIG Advisors, effective January 1. 

Via news release:

Fink will be responsible for managing the state's $7.3 billion dollar pension system. 

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Politics
1:22 pm
Mon December 17, 2012

In switch, Raimondo backs disclosing contributors to EngageRI

After a week in which the Wall Street Journal reported on a six-figure contribution to EngageRI by a Houston billionaire, state Treasurer Gina Raimondo is now supporting disclosure about contributors to the pension overhaul advocacy group.

ProJo political columnist Ed Fitzpatrick had the details in his Sunday column yesterday:

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Politics
5:26 pm
Fri December 14, 2012

TGIF: 10 things to know about RI politics + media

Everything pales in comparison to the horrific news today from Newtown, Connecticut, where a gunman killed more than two-dozen people, including 20 children. Governor Lincoln Chafee says state officials have offered to assist their counterparts in Connecticut . . . . Here's my countdown for the week: 

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On Politics
4:47 pm
Thu December 13, 2012

Diossa says EngageRI should disclose its contributors

James Diossa, the mayor-elect of Central Falls, says EngageRI should disclose its contributors in the interest of transparency.

“I’m all about open [government] and honest and transparency, so I believe it should be open,” Diossa said during a taping this morning of RIPR’s Political Roundtable. The segment will air during Morning Edition at 5:40 and 7:40 on Friday.

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Politics
12:22 pm
Wed December 12, 2012

The one percent and Rhode Island's pension overhaul

Old friend (and former ProJo reporter) Mike Corkery of the Wall Street Journal has broken a very interesting Rhode Island pension story. As first picked up by the sharp-eyed Ted Nesi of WRPI_TV, Corkery’s story reveals that a Texas Enron trader billionaire is a hefty contributor to the Engage Rhode Island pension overhaul advocacy group that has been championed by State General Treasurer Gina Raimondo.

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On Politics
12:45 pm
Mon December 10, 2012

Firefighters target Raimondo as architect of pension changes

As state Treasurer Gina Raimondo gets set to hold a football-themed fundraiser at Rick’s Roadhouse this evening, here’s a copy of the rally-the-troops email sent out by the Rhode Island State Association of Firefighters:

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On Politics
10:48 am
Sun December 9, 2012

Raimondo looks to broaden her base heading into 2013

Why would a freshly minted political star who has already banked more than $1 million in campaign fundraising stage a $25-per-person (suggested) football-watch event at a barbecue-burger joint in Providence’s Jewelry District on a Monday night in December?

If you’re state Treasurer Gina Raimondo, the answer probably has to do with expanding her base of support in the run-up to the 2014 gubernatorial race.

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On Politics
12:45 pm
Fri December 7, 2012

Rhode Island’s pension fund earned just 1.4 pecent in fiscal 2012

Rhode Island’s $7 billion+ pension fund — which is banking on an expected rate of return of 7.5 percent to pay its long-term obligations — earned just 1.4 percent over the fiscal year that ended June 30.

State Treasurer Gina Raimondo, who chairs the state Investment Commission and sparked the move last year to lower the pension fund’s expected rate of return, says she doesn’t think the state’s expected 7.5 percent rate of return is too optimistic. In an interview, she said:

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on politics
12:45 pm
Fri December 7, 2012

Rhode Island’s pension fund earned just 1.4 pecent in fiscal 2012

Rhode Island’s $7 billion+ pension fund — which is banking on an expected rate of return of 7.5 percent to pay its long-term obligations — earned just 1.4 percent over the fiscal year that ended June 30.

State Treasurer Gina Raimondo, who chairs the state Investment Commission and sparked the move last year to lower the pension fund’s expected rate of return, says she doesn’t think the state’s expected 7.5 percent rate of return is too optimistic. In an interview, she said:

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