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Welcome!

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

Treasurer Magaziner, National Coalition Win Opioid Transparency Ruling from SEC

January 22, 2018: Rhode Island Treasurer Seth Magaziner and the national coalition Investors for Opioid Accountability have thwarted an attempt by pharmaceutical distributor AmerisourceBergen to deny shareholders' efforts to obtain information about the company's response to the U.S opioid crisis.

"Opioid-related deaths in Rhode Island are a public health epidemic. The State and federal government must work together with the non-profit and the private sectors to curb opioid misuse and abuse," said Treasurer Magaziner. "The pharmaceutical industry bears tremendous responsibility and must act to address this crisis."

Shareholders are also requesting information on whether AmerisourceBergen's board has clawed back compensation from any senior executive due to misconduct. 

The AmerisourceBergen proposals were filed by fellow members of Investors for Opioid Accountability (IOA), an investor coalition that was established out of growing concerns that opioid risks may threaten shareholder value and have profound long-term implications for the economy and society.

AmerisourceBergen appealed to the U.S. Securities and Exchange Commission (SEC) seeking to deny investors the opportunity to weigh-in on the issue. The SEC denied AmerisourceBergen's appeals, allowing shareholders to consider the proposals later this year.

"By denying AmerisourceBergen's attempt to stonewall concerned investors, the SEC has recognized that the opioid epidemic is a significant policy issue with a real impact on investors," said Treasurer Magaziner.

AmerisourceBergen, the nation's third largest drug distributor, paid $16 million in March 2017 to settle a lawsuit brought by West Virginia for allegedly contributing to the overdose crisis in that state.

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ERSRI Begins Mailing 2017 1099-R Forms to Retirees

January 17, 2018: ERSRI began mailing 1099-R forms to retirees on January 12, 2017 - with all 1099s expected to be mailed by January 31st. Retirees should receive their 1099-R forms by mid-February, at the latest.

Retirees can view and download their 1099-R by logging into their account. Information on how to access you 1099-R online can be found here.

For information about how to read the 1099-R please click here.

If you turned 59 ½ in 2017, you may receive two separate 1099-R forms. You can read more information by clicking here.

If you do not receive your 1099-R form by mid-February, please call (401) 462-7600 and we will issue a replacement.

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R.I. State Pension Fund Earns $101.3 million in November

December 21, 2017: Rhode Island's pension fund continues to deliver strong performance, earning $101.3 million in November, which brings investment earnings over the past 12-months to $1.1 billion, and the fund's value to a decade-high $8.34 billion.

"The health of Rhode Island's pension fund is improving," said Treasurer Magaziner. "Over the past year, our Back to Basics approach of common sense investing has been providing solid investment returns for our members."

In the past 12 months, the pension fund has earned 14.77 percent on its investment, and 1.23 percent in the month of November. The November returns beat the fund's benchmark of 1.21 percent and a traditional 60% stock/40% bonds portfolio which would have earned 1.11 percent.

Treasurer Magaziner announced the Back to Basics investment strategy in September 2016. In that time, the fund has exited seven hedge funds, reallocating $500 million into more traditional investments for growth and stability.

Detailed information about the fund's investment strategy, performance and managers are published online as part of Treasurer Magaziner's 'Transparent Treasury' initiative at: investments.treasury.ri.gov.

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Compass, ERSRI’s Member Newsletter, is Available Online

November 28, 2017: The Fall/Winter 2017 issue of Compass, ERSRI’s member newsletter, is now available. Articles include:

  

   Message from Treasurer Magaziner
   Retirement System Update
   2017 Legislative Update
   DOA’s Voluntary Retirement Incentive Information
   Protecting Your Identity
   Member Profile: Meet Michael Allen

 



Retirement System Advises Members to Prepare for Delays Due to Voluntary Retirement Incentive

November 3, 2017: Members of the Employees’ Retirement System of Rhode Island should be prepared to experience delays in retirement application processing and member service inquiries in coming months as the voluntary retirement incentive is expected to generate a high volume of inquiries and retirement applications in a short period of time.

Members are reminded that the voluntary retirement incentive is not a Retirement System initiative. The Department of Administration (DOA) will be contacting employees that may qualify for the incentive directly. Questions about DOA notifications should be made to Human Resources, not the Retirement System.

ERSRI will be validating retirement eligibility and providing pension benefit estimates to employees who have received an incentive packet from DOA. To expedite responses, ERSRI is asking members who have been notified by the Department of Administration that they are qualify for the voluntary retirement incentive to submit all retirement related inquiries and applications online via: www.ersri.org/vri

The Employees' Retirement System is committed to providing its members with timely, quality services and will make every effort to keep delays in processing to a minimum. ERSRI does not anticipate any delay in pension payroll or other functions that are not related to new retirement applications.

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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.
 

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