It took CBS 6 Months to EDIT the Raimondo Infomercial! No mention of the havoc that she created for 60K Rhode Islanders with her "Pension Reform"? Why not? Pension fees exploded from $10 million, pre-Gina, to over $188 million - annually! Fees on committed capital generally range from 1.56 percent to 2 percent. Assuming ERSRI pays fees of 2 percent on total unfunded commitments, this amounts to an estimated annual waste of approximately $30 million--annually!
Ouch!
Did the work Seth Magaziner do for the pension issues help at all?
It took CBS 6 Months to EDIT the Raimondo Infomercial! No mention of the havoc that she created for 60K Rhode Islanders with her "Pension Reform"? Why not? Pension fees exploded from $10 million, pre-Gina, to over $188 million - annually! Fees on committed capital generally range from 1.56 percent to 2 percent. Assuming ERSRI pays fees of 2 percent on total unfunded commitments, this amounts to an estimated annual waste of approximately $30 million--annually!