Major pension plans in the state
Plan Name | Assets (millions) | Participants | Funded Ratio | Percent of ARC Paid | Retirement System that Administers the Plan |
---|---|---|---|---|---|
Rhode Island State and Teacher | 7,330.0 | 56,433 | 60.4 | 100.0 | Rhode Island Employees Retirement System |
Rhode Island Municipal | 2,034.5 | 18,142 | 85.9 | 100.0 | Rhode Island Employees Retirement System |
Providence ERS | 402.1 | 6,843 | 25.4 | 100.0 | Providence Employees Retirement System |
Source: Public Plans Database (as of 2022)
Public Cost
Annual Required Contribution as percent of State and Local Own-Source Revenue, 2001-2022
Fiscal Year | RI | US |
---|---|---|
2001 | 3.6 | 2.9 |
2002 | 3.6 | 3.0 |
2003 | 3.6 | 3.4 |
2004 | 4.6 | 4.2 |
2005 | 6.2 | 3.8 |
2006 | 6.0 | 3.7 |
2007 | 6.5 | 3.9 |
2008 | 6.8 | 4.2 |
2009 | 8.2 | 4.4 |
2010 | 5.8 | 4.6 |
2011 | 5.8 | 4.9 |
2012 | 8.3 | 5.0 |
2013 | 6.6 | 5.2 |
2014 | 6.9 | 5.6 |
2015 | 7.2 | 5.8 |
2016 | 7.2 | 6.1 |
2017 | 7.2 | 6.0 |
2018 | 7.6 | 6.4 |
2019 | 7.7 | 6.2 |
2020 | 8.2 | 6.6 |
2021 | 7.7 | 6.3 |
2022 | 6.1 | 7.5 |