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Function: |
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The Employees Retirement System of Rhode Island
provides retirement, disability, survivor and death benefits to state employees,
public school teachers and municipal employees who are employed by a participating
municipality. |
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Financing: |
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Active members of the system and the employing
units make contributions to the pension fund to provide benefits for retirees.
Pension fund assets are invested by the State Investment Commission. |
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Governance: |
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The system is governed by Titles 16, 36 and 45
of Rhode Island General Law. Rules and regulations of the retirement system
are established by the Retirement Board, chaired by the General Treasurer.
The Board meets on the second Wednesday of every month. The public is invited
to attend. |
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Services: |
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Annual Statements: |
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Each year, every active, contributing member of the retirement system
receives a statement regarding the amount of contributions he or she has made to the pension fund.
The statement reflects the total contributions made as of December 31st of the preceding year. Current contribution amounts, as they are posted by the employer, are viewable by individual members at any time by logging into their ERSRI web accounts. |
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Retirement Counseling: |
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A staff of six full-time retirement counselors
is available to meet with members in our Providence office, as well as in
various other locales around the state. Appointments to meet with a retirement
counselor may be made by calling (401) 457-3900. |
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Retirement Seminars: |
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ERSRI staff hold group seminars on
retirement for active teachers, municipal employees and state employees
to explain how pension benefits are calculated and what the rules are pertaining
to retirement. Notice of the seminars which are typically held yearly, is mailed to all active members in advance. |
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