Target 12: Fees, earnings of city, town pension funds revealed

November 18th, 2013 at 6:23 pm by under Nesi's Notes

By Ted Nesi

PROVIDENCE, R.I. (WPRI) – Rhode Island cities and towns are all over the map when it comes to their independent pension plans’ investment performance and how much they pay to invest the money, with some places failing to track basic data about their assets, a Target 12 investigation has found.

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• Interactive: See all 24 municipalities’ pension investment returns and fees (WPRI.com)

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One Response to “Target 12: Fees, earnings of city, town pension funds revealed”

  1. George says:

    One great thing about the unfunded pensions and concessions from the unions and retiree’s is now there is attention to the funds. The politicians that are supposed to be handling their fiduciary responsibility to the taxpayers have been woefully negligent. This never bothered the unions because in the past the taxpayers picked up the difference. Now that they too are being asked to help make up the shortfall they are making sure the returns are stronger. It will be even better when defined benefit pensions are gone and the workers manage their own pensions.