Request #19-8
  Closed

This is a request under the Freedom of Information Act.  The documents of interest concern the retirement plan(s) as follows:

-Newport Police and Firemen's Pension Plans

From the plan(s) mentioned above, I am requesting the following information:

-Schedule of Investment Portfolio by Asset Class and Manager- Also known as Investment Portfolio Summary or Investment Performance Report.  This lists the Asset Classes (Large Cap Growth, Fixed Income, Real Estate, etc.), grouped by Investment Managers (Vanguard, Fidelity, etc), with the Assets under Management (Market Value) held by each Investment Manager, and investment fee information (such as cost per unit/share).  Please have the assets as of 12/31/2017 or as of the end of the fiscal year 2017. 

-A list of individual holdings (i.e. individual stocks or bonds) held by the defined benefit plan is not necessary

-I have attached a basic example of what I am requesting for your reference.  An electronic copy of your records in this format is preferred.

-List of Service Providers- Specifically the Recordkeeper as well as the Investment Consultant(s) (ex. Callan, R.V. Kuhns, etc.) of the plan(s).  If the record-keeping is done internally, please let me know.

-The plans' current discount rate and average age at the time of entering retirement (if applicable). 


Received

February 19, 2019 via mail


Departments

Employees Retirement System of RI

Documents

Public

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Staff

Point of Contact

Kara DiPaola

Request Published Public
March 22, 2019, 7:16pm
Request Closed   Hide Public

We write in response to your February 19, 2019 request for information pursuant to the Rhode Island Access to Public Records Act (APRA).  Your specific request is noted below along with our corresponding response.

This is a request under the Freedom of Information Act.  The documents of interest concern the retirement plan(s) as follows:

-Newport Police and Firemen's Pension Plans

From the plan(s) mentioned above, I am requesting the following information:

-Schedule of Investment Portfolio by Asset Class and Manager- Also known as Investment Portfolio Summary or Investment Performance Report.  This lists the Asset Classes (Large Cap Growth, Fixed Income, Real Estate, etc.), grouped by Investment Managers (Vanguard, Fidelity, etc), with the Assets under Management (Market Value) held by each Investment Manager, and investment fee information (such as cost per unit/share).  Please have the assets as of 12/31/2017 or as of the end of the fiscal year 2017

-A list of individual holdings (i.e. individual stocks or bonds) held by the defined benefit plan is not necessary

-I have attached a basic example of what I am requesting for your reference.  An electronic copy of your records in this format is preferred.

-List of Service Providers- Specifically the Recordkeeper as well as the Investment Consultant(s) (ex. Callan, R.V. Kuhns, etc.) of the plan(s).  If the record-keeping is done internally, please let me know.

-The plans' current discount rate and average age at the time of entering retirement (if applicable). 

Please note that the Office of the General Treasurer does not maintain documents regarding the Newport Firemen’s Pension Plan.  Further, while the Office does maintain documentation regarding the Newport Police Pension Plan, responsive information regarding only the Newport Police cannot be disaggregated from the data maintained.  Be advised that pursuant to Rhode Island General Laws § 38-2-3(h), the Office of the General Treasurer is not required to reorganize, consolidate, or compile data not maintained by the Office in the form requested.  

In response to your request for the schedule of investment portfolio by asset class and manager, responsive documents can be found in the July 2018 SIC book (with data as of June 30, 2018), found here: http://data.treasury.ri.gov/dataset/2018-07-state-investment-commission-report-and-materials-july-2018.  Fee information can be found at the following link, under the “Expenses” tab: http://investments.treasury.ri.gov/

In response to your request for a list of service providers, you can find responsive information at the following link: http://investments.treasury.ri.gov/asset-allocation/investment-managers/.  Please also see the attached list.    

In response to your request for the plans’ current discount rate and average age at the time of retirement, the responsive documents can be found here: http://data.treasury.ri.gov/dataset/ersri-valuation-files-fy-2018 and http://www.ersri.org/actuarial-valuations/mers-actuarial-valuations/#gsc.tab=0

If you contend you have been denied access to public records, pursuant to R.I.G.L. § 38-2-8, you may appeal this decision to Amy L. Crane, General Counsel, 50 Service Avenue, 2nd Floor, Warwick, RI 02886.  You may also file a complaint with the Department of the Attorney General, 150 South Main Street, Providence, RI  02903 or the Rhode Island Superior Court of the county where the records are maintained.

Additional information regarding the Access to Public Records Act may be found at http://www.riag.ri.gov/civil/opengovernment.  Thank you for your interest in keeping government open and accountable to the public.

February 20, 2019, 4:06pm
Document(s) Released Public
APRA Svc Provider List.xlsx
February 20, 2019, 4:05pm
Department Assignment Public
Employees Retirement System of RI
February 19, 2019, 9:46am
Request Opened Public
Request received via mail
February 19, 2019, 9:46am