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Welcome!

The ERSRI Member Service Center is here to help with all your retirement-related needs.
We encourage Members to call or email the Member Service Center for assistance or to schedule an appointment.

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 $9 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 twelve months before retirement by calling ERSRI at 401-462-7600.

If you are planning to retire within 3 years, click here for more information and to submit your retirement counseling request. 

News and Updates

Shareholder Engagement Overview

October 2021: Each year, publicly traded companies seek votes from shareholders on items including electing board members, executive pay packages, as well as proposals from shareholders on environmental, social, and governance issues. As a multi-billion-dollar investor in the U.S. and global stock markets, Rhode Island's pension fund holds shares in thousands of companies. 

Treasurer Magaziner has published a report which provides an overview the actions his office is taking compel publicly traded companies in the state's $10.4 billion pension fund to adopt more responsible and sustainable corporate practices.

"My top priority as Treasurer is to expand economic growth and protect the financial security of Rhode Islanders and future generations. Companies that actively take leadership roles in developing more sustainable business practices are better positioned to deliver long-term value to investors, including members of the pension system as well as all Rhode Island taxpayers." - Treasurer Magaziner

You can read the report here.

Fall 2021 Issue of Compass is Available

September 2021: The Fall 2021 Issue of Compass, Rhode Island pension system's quarterly member newsletter, is available for download. Included are a message from Treasurer Magaziner, a retirement system update, and investment update, information on post-retirement employment, as well as a profile of Karen Hazard, a member with over 30 years of service. 

 

Pension Fund Achieves Best Fiscal Year Investment Performance in 25 Years

July 2021: General Treasurer Seth Magaziner announced that Rhode Island Pension Fund continued its strong performance under his “Back-to-Basics" investment strategy, closing the Fiscal Year ended June 30, 2021, with an all-time high investment gain of more than $2.2 billion for a total value of more than $10.3 billion in assets.  

“As General Treasurer, my top priority is delivering economic growth and financial security for all Rhode Islanders,” said General Treasurer Seth Magaziner. “'Back-to-Basics' works- this year the pension system has reached an all-time high, we have achieved our highest annual return in 25 years, and retirees in the system are also receiving a much-needed cost of living adjustment.” 

During the Fiscal Year, the Pension Fund returned 25.58%, outperforming its traditional 60% stock /40% fixed income benchmark, which returned 22.18% over the same time period. The average annual investment return for the pension system over the past 5 years has risen to 10.86%, compared to the 60/40 benchmark return of 10.12%.

Additional information about the Rhode Island pension system, including the “Back-to-Basics” investment strategy and performance, can be found online as part of Treasurer Magaziner's Transparent Treasury initiative at investments.treasury.ri.gov.

Note: All performance is reported on a "net of fees" basis. 

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Summer 2021 Issue of Compass Available for Download

The latest issue of Compass, the ERSRI member newsletter, is available for download by clicking here.

In this issue you can read more about the 2021 Cost Of Living Adjustments, expanded personalized retirement counseling for members, a May 31st investment update, and you’ll meet Paul Vatter – who works as a retirement counselor with ERSRI.
 

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Treasurer Magaziner Releases 2020 Annual Report

Treasurer Magaziner has released an annual report, which provides an overview of the performance of the programs and initiatives of the office over the past year, as he and his team have worked to increase economic opportunity and financial stability for Rhode Islanders.

In the early days of the COVID-19 crisis Treasurer Magaziner took decisive action to keep the state's finances stable, deliver relief to small businesses and manage the state pension fund to an all-time high. Through it all the office continues to return unclaimed property to its rightful owners, assist victims of violent crime, and support job-creating infrastructure projects. 

The report can be viewed here.

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Member Handbook Updated

ERSRI's updated Membership and Retirement Handbook will help you navigate the features and benefits of your pension plan. The information in this handbook can be a valuable resource throughout your career in public service and when considering you retirement plans.

The information in this booklet is provide for Rhode Island state employees, public school teachers, correctional officers, state registered nurses, and employees of participating Rhode Island units of the Municipal Employees’ Retirement System.

As different retirement rules and regulations apply to disability applications, police & fire members, judges, and State Police, please call the ERSRI Member Service Center at 401-462-7600 if you are in one of these categories.

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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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