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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 March, 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. |
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Retirement Consulting: |
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A staff of four 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) 222-2203. Check the Outreach Calendar
for a location near you. |
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Retirement Seminars: |
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Each fall, 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 is sent to your place of employment
for posting. |
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