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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. 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

Reviewing and Updating the Beneficiary on your Retirement Account

February 2020:  Following major life events, including marriage, divorce, births and deaths, ERSRI encourages active employees and retirees to review the beneficiary information on their retirement account.

ERSRI pays a death benefit to your designated beneficiary. The death benefit is a one-time payment of $800 per full year of service, up to a maximum of $16,000. Following retirement, the benefit is reduced by 25% each year with a minimum benefit of $4,000.  You may name one or more beneficiaries. 

To learn more about reviewing and updating your beneficiary, please click here.

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Rhode Island pension fund earned $1.3 billion from investments in 2019

January 30, 2020: The Rhode Island pension fund returned 16.7% in 2019, earning $1.3 billion from investments, allowing it to end the year with an all-time high value of $8.78 billion. The 16.7% return significantly outperformed the fund's benchmark of which earned 15.0%. The performance was led by investments in global public equities, primarily in low-fee index funds designed to provide long-term growth. 

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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Members of 54 MERS plans will receive a COLA in 2020

January 13, 2020: Members of fifty-four municipal (MERS) pension plans will receive a cost-of-living adjustment (COLA) in 2020. All members of these 54 plans who retired before June 30, 2012 and were previously receiving or eligible for a COLA will receive a COLA beginning the month following their retirement date in 2020.

Click here for a list of MERS plans providing a COLA in 2020.
Click here for a handout with more information about how the COLA is calculated. 

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ERSRI Mailing 2019 1099-R Forms to Retirees

January 10, 2020: ERSRI will begin mailing 1099-R forms to retirees on or before January 13, 2020 - 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 2019, 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.

The ERSRI Member Service Center is open Monday - Friday from 8:30 a.m. until 4:00 p.m.

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Fall 2019 Issue of Compass is Available

November 2019: The Fall 2019 issue of Compass, ERSRI's member newsletter, is now available for download.



Articles include a retirement system update, a legislative update, a tribute to long-time volunteer board member Marcia Reback, and information on how to see if you have unclaimed property / missing money with the State of Rhode Island.

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2020 Retirement Board Election

September 2019: 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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  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.
 

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