US - Rhode Island's unfunded public pension liabilities for teachers and most state workers jumped about 27% after the board overseeing the retirement system voted to cut the presumed rate of return on assets.
The fund lacks about $6.83bn to meet projected needs, up from about $5.4bn before overseers yesterday cut return expectations to 7.5% a year from 8.25%, according to Treasurer Gina Raimondo. The pl...
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