ERSRI.org is your source for the latest information from Employees’ Retirement System of Rhode Island, the state’s largest public employee retirement system.
The $8 billion retirement system works with state employees, teachers, the Municipal Employees’ Retirement System (MERS), MERS police and fire, correctional officers, BHDDH nurses, state police, and judges.
Here, you'll find the latest tools to help you plan for your retirement, calculate your benefits and eligibility, and understand how laws and regulations may affect you.
Are You Planning to Retire Soon?
Are you planning to retire within the next nine months? If so, ERSRI offers group retirement counseling sessions at our Warwick office. During your counseling session, ERSRI will provide you with a benefit estimate and the required retirement forms. You may also want to review ERSRI's Retirement Planning Checklist.
Please schedule your counseling session six to nine months before retirement by calling ERSRI at 401-462-7600.
If you have additional questions, please contact ERSRI using our "Contact Us" page or by phone at 401-462-7600.
The ERSRI Member Service Center is open Monday - Friday from 8:30 a.m. until 4:00 p.m.
News and Updates
Rhode Island Pension Fund Beats Market in August
October 2, 2019: The Rhode Island pension fund finished well ahead of U.S. and global stock markets in August due to the defensively positioned investments in the fund's portfolio.
In a month when the U.S. stock market, as measured by the Russell 3000 Index, fell by -2.0%, and international markets returned -2.4% according to the MSCI All Countries World Net Index, the state's pension fund returned 0.2%.
While most of the Rhode Island pension fund is invested in traditional strategies for growth, nearly 40% of the fund is invested in defensive assets like low-risk bonds and cash to provide protection from swings in the stock market.
The pension's August returns were led by the fund's defensive assets including U.S. Treasuries, which returned 10.6% and by systematic trend-following strategies, which returned 8.5%.
The diversified investment strategy also served Rhode Island well across the 2019 calendar year thus far. Since January, the fund has returned 10.9%, well ahead of its benchmark return of 9.8%.
Detailed information about the fund, including the 'Back to Basics' investment strategy, performance, and detailed information about its managers are published online as part of Treasurer Magaziner's "Transparent Treasury" initiative at investments.treasury.ri.gov.
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2020 Retirement Board Election
The Employees’ Retirement System of Rhode Island (ERSRI) will hold an election for seven new Board members in January 2020.
The 15-member Retirement Board oversees the state’s pension system and is responsible for its administration. The board approves disability pensions, votes on the target investment rate of return and other assumptions, and certifies employer contribution rates. The board meets quarterly and has four standing subcommittees that meet monthly.
More information about the election process, including which Board seats are open, and important dates can be found here
If you are interested in running for election to the State Retirement Board, nomination papers will be available beginning September 12, 2019 at ERSRI (50 Service Avenue, Warwick, RI 02886). Potential candidates must secure 100 valid signatures from your membership group and return the nomination papers to ERSRI by October 16, 2019 at 4:00 p.m.
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R.I. Pension Fund takes actions to strengthen corporate accountability through shareholder engagement
September 3, 2019: Rhode Island Treasurer Seth Magaziner has released an overview of the actions his office has taken over the past year to encourage companies in which the pension fund investments to adopt more responsible and sustainable corporate behavior.
"The long-term sustainability of companies in the pension fund is vital to the retirement system and to our members and retirees who spend their careers in public service," said Treasurer Magaziner. "Shareholder engagement allows us to advocate on behalf of our members and hold corporate management and boards accountable."
Research shows that companies that actively measure and manage material sustainability issues are better positioned to deliver long-term value to investors – including members of the pension system and all Rhode Island taxpayers.
Rhode Island's pension fund holds shares in thousands of companies in its investment portfolio. Each year, publicly traded companies ask shareholders to vote on issues including the election of board members and executive pay packages, as well as proposals from shareholders on environmental, social and governance issues.
Treasurer Magaziner's 2019 Shareholder Engagement Overview can be found at: http://treasury.ri.gov/2019_shareholder
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Treasurer Magaziner Releases Annual Report Highlighting Recent Accomplishments
General Treasurer Seth Magaziner today released his Office's 2018 Annual Report, which highlights work to support small businesses, make a once-in-a-generation investment in schools across Rhode Island, and how his office is returning millions of dollars in unclaimed property back to its rightful owners.
"Over the past four years, we have found new and innovative ways to use the Treasurer's office to strengthen our economy," said Treasurer Magaziner. "I hope this report will give Rhode Islanders a glimpse into the work our team does every day to strengthen the finances of our state and make a real, tangible difference in peoples' lives."
The report can be downloaded at www.treasury.ri.gov/annualreport
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Retirees - Does ERSRI Have Your Current Mailing and E-mail Address?
Each month, ERSRI sends an e-mail to retirees letting you know that your Pay Statement is available to view, as well as quarterly e-mails letting you know when Compass, ERSRI’s newsletter, is available.
To update your contact information, please log into your account and click on the “Update My Personal Information” icon, which looks like this:
If you have have changed your address, phone number or e-mail, please make sure that you have informed the Retirement System. You can log onto your account and then click:
There, you will see a “Changing Your Personal Information” box, which looks like this:
Simply update any outdated information and click the green “Update” button and you’re done.