The Investment and Finance Division provides investment and cash and debt management services for the State.
The ten-member State Investment Commission (SIC), chaired by the Treasurer, determines the State’s investment policies. The SIC meets monthly and receives investment performance reports from Treasury staff and consultants.
The division manages over $7 billion in assets for the Employees' Retirement System of Rhode Island and oversees the TIAA-CREF defined contribution program.
The division also provides fiduciary services, monitors investment managers for compliance and interfaces daily with custodians, consultants, and fund managers on administrative matters and the transfer of funds.
Short-term operating cash is managed by cash management unit, while professional money management firms mange long-term investments.
The debt management unit is responsible for the sale and administration of the State's general obligation debt. They are actively involved in both the issuance and servicing of state debt obligations.
The division also manages the Ocean State Investment Pool, a voluntary program designed help the State, quasi-public agencies and municipalities better manage and improve the investment performance of their liquid assets
To learn more about Rhode Island's finances, please visit the Investor Relations Portal.