Rhode Island public pension funds post $211.7 million in investment earnings in 2024

Dan McKee, Rhode Island Governor - governor.ri.gov
Dan McKee, Rhode Island Governor - governor.ri.gov
0Comments

Investment earnings for Rhode Island public pensions rose from $180.8 million in 2023 to $211.7 million in 2024, according to data obtained from the U.S. Census Bureau’s Annual Survey of Public Pensions.

The U.S. Census Bureau’s Annual Survey of Public Pensions covers defined-benefit pension systems sponsored by recognized government units whose membership consists of public employees compensated with public funds. Local governments in the survey are defined as counties, municipalities, townships, school districts, and special districts.

The survey provides data on revenues, expenditures, financial assets, and membership for these pension systems, and detailed questionnaires can include additional measures such as liabilities.

Not all respondents provide complete information for every item; response rates vary by data element, which can affect the availability of certain figures in the published tables.

As of 2025, nine states do not levy a broad-based personal income tax—Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington, and Wyoming—with certain nuances for New Hampshire and Washington regarding investment or capital gains tax.

Rhode Island reported data from 38 pension systems, including seven state-level pension funds and 31 local-level systems. The total number of pension system members was 105,063 (89,029 at the state level and 16,034 at the local level).

Information in this article was obtained from the U.S. Census Bureau’s Annual Survey of Public Pensions. The source data can be found here.



Related

Dan McKee, Rhode Island Governor - governor.ri.gov

$13.9 billion worth of public pension holdings reported in Rhode Island for 2024

In 2024, Rhode Island had $13.9 billion in total cash and investment holdings in its public pension funds, according to the U.S. Census Bureau’s Annual Survey of Public Pensions.

Sabina Matos, Lieutenant Governor of Rhode Island - tgov.ri.gov

Rhode Island collected $165.2 million in license taxes in 2024

In 2024, Rhode Island collected a total of $5.3 billion in state taxes, with $165.2 million coming from license taxes—a decrease of 10.9% compared to the previous year.

Charles C. Calenda, United States Attorney for the District of Rhode Island

Dominican national pleads guilty to federal fraud charges in Providence

A Dominican national living in Providence has pleaded guilty to several federal fraud charges involving misuse of another person’s identity for government benefits. William Jose Alejandro Arias Amador faces sentencing later this year following an investigation by multiple federal agencies.

Trending

The Weekly Newsletter

Sign-up for the Weekly Newsletter from Ocean State Today.