Wow, Looks Like Chair of RI Democrat Party Egregiously Lied About Return Rate of State Pension Plan
From Michael Riley’s informative and disturbing column in GoLocalProv this week:
According to [RI Democratic Party Chair Joseph] McNamara the last 5 years Rhode Island earned 9.3% in its pension plan. I was shocked to hear that and wondered where he got that “talking point” from. Never mind, let’s just go to Seth Magaziner’s RI Treasury website.
The five year rate of return for the state pension plan was actually 5%, a far cry from 9.3%. Why did Mr. McNamara tell such a whopper?
Monique is a political gadfly, data junkie and contributor to the Ocean State Current and Anchor Rising. Please consider supporting the terrific work of the Rhode Island Center for Freedom and Prosperity here:
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