State Data » Rhode Island » Rhode Island Employees Retirement System » Rhode Island State and Teacher

Rhode Island State and Teacher Basics

  • Established 1936
  • Currently open to new hires
  • Plan covers state and local employees
  • Plan members covered by Social Security
  • Multiple employer, cost sharing plan

Assets, Participants, and Benefits

Assets at Year-End, Rhode Island State and Teacher, 2001-2022

Fiscal Year Net Assets (billions)
2001 5.36
2002 4.74
2003 4.70
2004 5.39
2005 5.79
2006 6.26
2007 7.24
2008 6.67
2009 5.10
2010 5.49
2011 6.21
2012 6.00
2013 6.20
2014 6.40
2015 6.16
2016 5.80
2017 6.12
2018 6.27
2019 6.36
2020 6.32
2021 7.73
2022 7.33

Source: Public Plans Database

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Number of Actives per Annuitant, 2001-2022

Fiscal Year Rhode Island State and Teacher US State and Local Pensions
2001 1.7 2.4
2002 1.7 2.3
2003 1.6 2.2
2004 1.5 2.1
2005 1.5 2.1
2006 1.4 2.0
2007 1.4 2.0
2008 1.3 1.9
2009 1.2 1.9
2010 1.1 1.8
2011 1.1 1.7
2012 1.1 1.6
2013 1.1 1.5
2014 1.1 1.4
2015 1.1 1.4
2016 1.1 1.4
2017 1.1 1.4
2018 1.1 1.3
2019 1.1 1.3
2020 1.1 1.3
2021 1.1 1.2
2022 1.1 1.2

Source: Public Plans Database

National data averages are weighted by plan size.

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Costs

Employer's Annual Required Contribution as a Percentage of Payroll and Portion Paid for Rhode Island State and Teacher, 2001-2022

Fiscal Year Portion of Employer ARC paid Portion of Employer ARC left unpaid US Avg Employer ARC ARC as a Percent of Payroll
2001 9.9 0.0 5.3 9.9
2002 7.8 0.0 5.2 7.8
2003 9.6 0.0 6.0 9.6
2004 11.6 0.0 7.7 11.6
2005 12.5 0.0 9.6 12.5
2006 14.7 0.0 9.9 14.7
2007 18.4 0.0 10.6 18.4
2008 21.4 0.0 11.0 21.4
2009 19.8 0.0 11.0 19.8
2010 18.6 0.0 11.6 18.6
2011 19.0 0.0 13.4 19.0
2012 21.9 0.0 14.0 21.9
2013 19.3 0.0 15.1 19.3
2014 21.0 0.0 15.6 21.0
2015 22.2 0.0 16.1 22.2
2016 22.6 0.0 16.1 22.6
2017 23.6 0.0 16.4 23.6
2018 23.4 0.0 18.8 23.4
2019 24.0 0.0 17.8 24.0
2020 24.8 0.0 19.5 24.8
2021 25.6 0.0 19.6 25.6
2022 29.4 0.0 19.9 29.4

Source: Public Plans Database

National data averages are weighted by plan size.

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Actuarial Funding

Actuarial Funded Ratio for Rhode Island State and Teacher, 2001-2022

Fiscal Year Rhode Island State and Teacher National Data
2001 77.6 101.7
2002 72.6 94.8
2003 64.3 89.0
2004 59.4 87.2
2005 55.8 85.4
2006 53.4 85.3
2007 56.2 86.3
2008 61.5 84.4
2009 58.5 78.4
2010 48.4 75.7
2011 58.8 74.3
2012 57.8 72.3
2013 57.3 71.9
2014 58.7 73.2
2015 57.9 73.2
2016 57.4 71.6
2017 54.0 72.1
2018 54.1 72.4
2019 54.5 72.5
2020 55.4 72.7
2021 57.9 76.2
2022 60.4 77.1

Source: Public Plans Database

National data averages are weighted by plan size.

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Investments

Asset Allocation for Rhode Island State and Teacher, 2022

Category Percent
Equities 38.3
Fixed Income 24.0
Private Equity 19.7
Real Estate 6.3
Cash 1.3
Other 0.0
Commodities 3.2
Hedge Fund 7.2
Misc. Alternatives 0.0

Source: Public Plans Database

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Asset Allocation for State and Local Pensions, 2022

Category Percent
Equities 42.7
Fixed Income 20.8
Private Equity 13.0
Real Estate 10.2
Cash 2.1
Other 0.6
Commodities 2.3
Hedge Fund 6.5
Misc. Alternatives 1.8

Source: Public Plans Database

National data averages are weighted by plan size.

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Asset allocation for Rhode Island State and Teacher, 2005-2022

Fiscal Year Equities Fixed Income Private Equity Real Estate Cash Other Commodities Hedge Fund Misc. Alternatives
2005 68.1 25.2 6.0 0.0 0.7 0.0 0.0 0.0 0.0
2006 65.8 24.4 9.6 0.0 0.3 0.0 0.0 0.0 0.0
2007 64.2 26.1 9.2 0.0 0.6 0.0 0.0 0.0 0.0
2008 60.2 26.4 13.3 0.0 0.1 0.0 0.0 0.0 0.0
2009 57.6 25.8 9.3 4.7 0.2 2.4 0.0 0.0 0.0
2010 51.9 32.0 9.7 3.6 0.9 1.9 0.0 0.0 0.0
2011 54.3 30.6 8.4 3.4 0.3 3.0 0.0 0.0 0.0
2012 48.0 26.7 8.5 3.8 0.4 0.6 0.0 12.1 0.0
2013 48.6 20.8 7.5 3.5 0.3 0.0 0.0 19.3 0.0
2014 49.3 20.9 6.7 3.1 0.2 0.0 0.0 19.7 0.0
2015 46.7 25.9 6.7 4.6 0.7 0.0 1.0 14.4 0.0
2016 44.5 17.8 9.3 6.6 1.0 0.0 1.1 19.8 0.0
2017 46.1 17.1 8.7 7.2 3.0 2.0 1.6 14.2 0.0
2018 46.1 22.3 8.0 7.0 3.0 3.6 1.8 8.1 0.0
2019 45.5 20.2 8.1 7.1 3.0 4.0 2.0 10.1 0.0
2020 45.8 16.5 8.2 7.1 2.9 0.0 2.6 16.8 0.0
2021 44.6 19.1 10.6 5.2 3.1 0.0 2.5 14.9 0.0
2022 38.3 24.0 19.7 6.3 1.3 0.0 3.2 7.2 0.0

Source: Public Plans Database

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Annual Return as of June 30 for Rhode Island State and Teacher, 2001-2022

Fiscal Year Rhode Island State and Teacher Assumed return
2001 -11.00 8.25
2002 -8.40 8.25
2003 3.90 8.25
2004 19.50 8.25
2005 12.20 8.25
2006 12.60 8.25
2007 15.84 8.25
2008 -5.39 8.25
2009 -19.18 8.25
2010 13.46 7.50
2011 20.40 7.50
2012 1.55 7.50
2013 11.10 7.50
2014 15.12 7.50
2015 2.22 7.50
2016 -0.27 7.50
2017 11.62 7.00
2018 8.03 7.00
2019 6.54 7.00
2020 3.78 7.00
2021 25.60 7.00
2022 -1.45 7.00

Source: Public Plans Database

National data averages are weighted by plan size.

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Cash Flows

Cash Flow vs. Total Assets (Millions)
Rhode Island State and Teacher
2001-2022

Fiscal Year Cash Flow Assets
2001 -124.0 5,361.7
2002 -175.1 4,745.0
2003 -170.7 4,702.3
2004 -182.2 5,388.9
2005 -210.2 5,787.8
2006 -199.8 6,257.1
2007 -154.4 7,236.9
2008 -155.6 6,672.9
2009 -260.3 5,103.4
2010 -313.8 5,487.9
2011 -326.1 6,207.1
2012 -303.6 5,998.0
2013 -432.9 6,199.7
2014 -405.7 6,396.2
2015 -377.8 6,164.0
2016 -357.1 5,799.0
2017 -330.8 6,122.5
2018 -325.3 6,272.2
2019 -305.3 6,361.8
2020 -278.3 6,319.5
2021 -268.7 7,728.9
2022 -197.0 7,330.0

Source: Public Plans Database

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Note: The PPD average is for plans with a similar fiscal year end (FYE) date to the plan presented on this page.


Cash Flow as a Percentage of Assets
Rhode Island State and Teacher
2001-2022

Fiscal Year Rhode Island State and Teacher National Average
2001 -2.3 -2.0
2002 -3.7 -2.4
2003 -3.6 -2.6
2004 -3.4 -1.8
2005 -3.6 -2.2
2006 -3.2 -2.2
2007 -2.1 -2.0
2008 -2.3 -2.2
2009 -5.1 -3.1
2010 -5.7 -3.2
2011 -5.3 -3.0
2012 -5.1 -3.2
2013 -7.0 -3.1
2014 -6.3 -2.9
2015 -6.1 -2.7
2016 -6.2 -2.9
2017 -5.4 -2.8
2018 -5.2 -2.4
2019 -4.8 -2.4
2020 -4.4 -2.3
2021 -3.5 -2.0
2022 -2.7 -1.9

Source: Public Plans Database

National data averages are weighted by plan size.

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2022 Financial Reports

Benefits

Website for Rhode Island State and Teacher benefit descriptions.