Statements from the Rhode Island: 2014 General Treasurer's race

Rhode Island's state pension system "underperformed the median three out of the four years that Mr. [Frank] Caprio was in office."

"In Rhode Island today, 25 percent of our households either don't have a bank account at all, or they have a bank account and they're still relying on high-cost financial services like payday loans, pawn shop check cashing and so on."

Since Gina Raimondo took office, investment fees on the state's pension portfolio "have gone up from about $12 million annually to about $50 million."

Advertisement
How to contact us:

We want to hear your suggestions and comments. Email the Rhode Island Truth-O-Meter with feedback and with claims you'd like to see checked. If you send us a comment, we'll assume you don't mind us publishing it unless you tell us otherwise.

Browse The Rhode Island Truth-O-Meter:
Subscribe: