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Welcome!

To reduce the spread of COVID-19, the Member Service Center is not accepting walk-in visitors.
Members should call or email the Service Center for assistance or an appointment.

Pension and disability payments are being made in full and on time.

Please contact ERSRI by using our "Contact Us" page, or by phone at 401-462-7600 Monday - Friday 8:30 a.m. - 4:00 p.m.

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 year? If so, ERSRI offers individual retirement counseling sessions. 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.
 

News and Updates

R.I. pension outperformed 95% of U.S. pension plans during COVID-19 market crisis

May 21, 2020: The Rhode Island pension system outperformed the vast majority of its peers in the first quarter of 2020 according to new data released by Investment Metrics, formerly MSCI InvestorForce, the leading source of investment performance analytics for institutional investors.
 
From January through March, Rhode Island's investment performance outperformed the median U.S. public pension plan by 4.2%, saving more than $365 million - relative to if the state had performed in line with the median plan. Overall, Rhode Island's performance for the period ranked 28th out of 546 public pension funds in the United States, according to Investment Metrics.
 
"The new data indicating that Rhode Island is performing better than most other pension plans during the COVID-19 crisis is welcome news," said Rhode Island Treasurer Seth Magaziner. "In these challenging times it is more important than ever that we deliver strong performance for the state's finances, and protect the retirement security for the many teachers, first responders, and other public employees serving our communities."
 
In 2016, Magaziner launched his "Back to Basics" investment strategy for the pension system, including nearly $800 million in a Crisis Protection allocation which is designed to outperform during times of market stress.
 
During the first quarter of 2020, as the markets reacted to the spread of the Coronavirus, the S&P 500 declined by 20% and the median public pension plan returned -13.8%. During the same period, the Rhode Island Crisis Protection allocation rose by 15.1%, helping to limit the system's overall decline to 9.6%.
 
Detailed information about the Rhode Island pension system, including the 'Back to Basics' investment strategy, performance, and 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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Member Update
May 2020

Pension and disability payments are being made in full and on time.
 

We are grateful to our members who remain on the front lines ensuring public safety and providing essential services, and to our dedicated educators who have overcome unprecedented obstacles to teach Rhode Island's students. Thank you.
 
As Rhode Island responds to the COVID-19 pandemic, the health and safety of our employees and members remains our top priority. The Member Service Center is not accepting walk-in visitors. Members should call or email the Service Center for assistance or an appointment.

ERSRI staff is available by phone at 401-462-7600,
Monday - Friday from 8:30 a.m. until 4:00 p.m. 

You can e-mail us anytime at ersri@ersri.org.
Additional resources for members, including fact sheets and forms, are available here at ERSRI.org
 
If you missed last week's virtual Town Hall meeting with Treasurer Magaziner, you can watch a closed-captioned recording of the meeting by clicking this link.
 
During the one-hour meeting, the Treasurer discussed the State's response to the COVID-19 pandemic, the health of the pension system, and steps the system is taking to improve member service.

The Retirement System Remains Financially Secure

Currently, $3 billion of the pension fund is kept in defensively-positioned investments, including a Crisis Protection allocation that is designed to go up when the stock market goes down. Due in large part to the strong performance of the Crisis Protection allocation, even as the financial markets have been stressed in recent months, the pension system remains in a strong financial position.

Under no circumstances will money from the pension system be used to balance the state budget, as was done during the credit union crisis of the 1990s.

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

Improvements to ERSRI Member Services

Beginning May 1st, ERSRI will offer 1-on-1 retirement counseling for members who are planning to retire within the next twelve months.

Beginning this winter, ERSRI will provide 1-on-1 retirement counseling for members who are planning to retire within the next five years. 

ERSRI.org is being re-designed to make it easier for our members to navigate and get an updated estimate of their retirement date and benefit amount.
 

Be on the Lookout for Scam Artists 

The Internal Revenue Service is warning people not to respond to phone calls, emails, texts or social media messages requesting money or personal information before sending your income-tax refund or stimulus payment.
 
If you get a surprise email that appears to be coming from the IRS - don't open it or click on attachments or links. The IRS will not call you to demand immediate payment or threaten you with police, immigration officers or other law-enforcement. Scam artists use these types of threats to frighten and trick their victims.
 

COVID-19 Information & Resources

 If you have questions about COVID-19, please visit health.ri.gov/covid 
or call 401-222-8022 (Monday -Friday 8:30 - 4:30)
Outside of business hours, please call 211.

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 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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  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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