National Republican Congressional Committee: Magaziner Defends His Deal With Wall Street
September 27, 2022
September 27, 2022
WASHINGTON, Sept. 27 -- The National Republican Congressional Committee issued the following news:
Seth Magaziner is defending his scheme to use Rhode Island retirees' savings to pay over half a billion dollars in fees for high-risk financial investments.
In the past seven years, the state's pension has more than doubled the amount invested in private equity assets, from $539.5 million in 2015 to $1.8 billion at the start of August.
Fees have rise . . .
Seth Magaziner is defending his scheme to use Rhode Island retirees' savings to pay over half a billion dollars in fees for high-risk financial investments.
In the past seven years, the state's pension has more than doubled the amount invested in private equity assets, from $539.5 million in 2015 to $1.8 billion at the start of August.
Fees have rise . . .