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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.

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

R.I. Treasury's 2017 Annual Report Highlights Progress in Strengthening Pension System

Treasurer Magaziner recently released his 2017 Annual Report which highlights progress made toward improving the state's economy, strengthening its pension system and finding ways to put Treasury's resources to work for Rhode Islanders.

"As Treasurer, I remain committed to promoting economic growth and financial stability for all Rhode Islanders," said Treasurer Magaziner. "2017 saw the implementation of a number of new efforts to better serve the people of Rhode Island including programs to support small business lending, return millions of dollars in unclaimed property to Rhode Islanders automatically, and efforts to strengthen the state's retirement system."

In its first full year, Treasurer Magaziner's 'Back to Basics' investment strategy, which included exiting more than $500 million from hedge funds, the state's pension fund earned more than $1.09 billion and grew to a decade-high $8.42 billion by December 31, 2017.

You can download the Annual Report here.

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Wells Fargo Agrees to Investor Demands for Transparency and Accountability on Corporate Culture that Encouraged Massive Fraud

March 6, 2018: In response to investor demands, Wells Fargo will publish a report on the root causes of unethical and illegal behavior at the bank and its impact on customers and investors; along with and a detailed plan for corrective action going forward.

"Investors and customers deserve information on the culture at Wells Fargo which allowed systemic fraud to occur over years, and what the Bank is doing to ensure ethical behavior throughout its lines of business," said Treasurer Magaziner. "By engaging with investors, and subsequently agreeing to publish a comprehensive business review, the company is taking incremental steps toward reform and re-establishing trust with stakeholders."

Over the past two years Treasurer Magaziner has co-filed shareholder proposals requesting that Wells Fargo publish a comprehensive business standards review. During a meeting with Wells Fargo CEO Timothy Sloan in February 2017, Treasurer Magaziner expressed his concern the the corporate culture that allowed widespread fraud.

You can read the press release here.

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Shareholders Overwhelmingly Demand Action from Opioid Distributor after Company Fails to Block Vote at SEC

March 2, 2018: Rhode Island Treasurer Seth Magaziner joined investors from across the country in demanding that AmerisourceBergen, the nation's third largest drug distributor, publicly address opioid-related business risks.

"Opioid-related deaths in Rhode Island are a public health crisis. With this vote, investors in AmerisourceBergen have sent a strong message to the company that we must all work together to end the opioid epidemic," said Treasurer Magaziner. "Independent investors have voted overwhelmingly in favor of more disclosure and accountability at the company."

AmerisourceBergen (NYSE: ABC) had previously appealed to the U.S. Securities and Exchange Commission (SEC) seeking to deny investor efforts to obtain information about the company's response to the U.S opioid crisis. The SEC denied those appeals, allowing shareholders to consider the proposal at the company's March 1, 2018 annual shareholder meeting in Naples, Florida.

At the meeting, 62 percent of independent shareholder votes were cast in favor of a proposal asking AmerisourceBergen's board to publish a report on the governance measures the company has implemented to more effectively monitor and manage financial and reputational risks related to the opioid crisis in the U.S.

You can read the press release here.

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Treasurer Magaziner Adds Gun-Free Investment Option to State Retirement Fund

February 28, 2018: Treasurer Magaziner has recommended, and the State Investment Commission has approved, a new socially responsible investment option -which excludes companies that manufacture firearms- for Rhode Island's 401(a) Defined Contribution plan.

"We know that members are interested in having their investments reflect their values, not only on guns, but also on environmental and social issues," said Treasurer Magaziner. "Rhode Island is one of the only states to include a socially responsible option in a Defined Contribution plan."
State employees who invest in Rhode Island's 401(a) Defined Contribution plan will have the option to invest in the Vanguard FTSE Social Index Fund (MUTF: VFTSX). This low-cost fund seeks to track a benchmark of large- and mid-capitalization stocks that have been screened for social, human rights, and environmental criteria.
"It is important that all of our elected officials take steps to reduce gun violence," said Linda Finn, President, Rhode Island Coalition Against Gun Violence. "I commend Treasurer Magaziner for offering a retirement investment option for State employees that includes a weapons restriction."
State employees will have the option to invest in VFTSX through their Defined Contribution plan beginning in May 2018.
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Pension Fund Earned $254.8 million in January - Outperformed Investment Benchmarks

February 28, 2018: Rhode Island's pension fund continued to deliver strong performance in January, earning $254.8 million, and outperforming the plan's investment benchmark, as well as a standard 60% global equity / 40% fixed income benchmark.

"Rhode Island's pension fund continues to grow stronger and healthier," said Rhode Island Treasurer Seth Magaziner. "Our 'Back to Basics' investment strategy is designed to deliver strong performance over the long term, ensuring retirement security for those who are in the pension system and benefitting all Rhode Island taxpayers."

For the month of January 2018, the fund earned 3.03 percent net of fees, outperforming the 2.95 percent performance of the plan's investment benchmark, as well as the the 2.92 percent return of a standard 60% global equity / 40% fixed income benchmark.

You can read the press release here.

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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. Additionally, ERSRI will be mailing 1099 tax statements during the first quarter of 2017.

To update your contact information, please log into your account and click on the “Update My Personal Information” icon, which looks like this:

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.