Rhode Island General Treasurer Gina M. Raimondo, elected in November 2010, dedicated her first year in office to redesigning Rhode Island’s state-administered public employee pension system.
Raimondo’s commitment to following a fact-based, honest and transparent process, and not placing blame or relying on divisive rhetoric, proved effective during these challenging times in Rhode Island. That process, which culminated in a special session of the General Assembly in November 2011, included thorough analysis and study as well as countless conversations and meetings with all stakeholders –employees, retirees, union leaders and taxpayers. Raimondo’s top policy priority, The Rhode Island Retirement Security Act, was signed into law on November 18, 2011.
According to a December 5, 2011 TIME article, “Such an unexpected outbreak of responsible leadership didn’t just pull Rhode Island back from the brink…it also suggested that difficult, self-sacrificing decisions are still possible.”
Raimondo’s efforts in 2011 extended beyond the passage of comprehensive pension reform. Under her leadership, Treasury:
Prior to being elected General Treasurer on November 2, 2010 with an overwhelming majority, Gina M. Raimondo worked for a decade as co-founder and general partner of Point Judith Capital, a venture capital firm. She has also served as the senior vice president of fund development at Village Ventures. A firm believer in innovation, Raimondo was involved in dozens of successful start-up companies, primarily in the health care industry.
Prior to joining Village Ventures, she clerked for US District Judge Kimba Wood of the Southern District of New York.
Raimondo serves as vice chair of the Board of Directors of Crossroads Rhode Island, the state’s largest homeless services organization, where she played a key role in launching a new shelter for women. She was also a trustee at Women and Infants Hospital and Chair of its Quality Committee prior to stepping down in 2011. She has previously served on the boards of LaSalle Academy and Family Service of Rhode Island.
Born May 17, 1971, Raimondo is a native of Smithfield, Rhode Island. Raimondo is a graduate of LaSalle Academy, Harvard University and Yale Law School, and was a Rhodes Scholar at Oxford University. She resides in Providence with her husband, and two young children.