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 ERS | 6,319.5 | 55,037 | 55.4 | 100.0 | Rhode Island Employees Retirement System |
| Rhode Island Municipal | 1,664.0 | 17,001 | 80.5 | 100.0 | Rhode Island Employees Retirement System |
| Providence ERS | 360.6 | 6,646 | 23.9 | 102.2 | Providence Employees Retirement System |
Source: Public Plans Database (as of 2020)
Public Cost
Annual Required Contribution as percent of State and Local Own-Source Revenue, 2001-2021
| 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 | 6.3 | 4.6 |
| 2011 | 6.2 | 4.9 |
| 2012 | 8.2 | 5.0 |
| 2013 | 6.7 | 5.2 |
| 2014 | 6.9 | 5.6 |
| 2015 | 7.1 | 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 | 8.4 | 6.8 |