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 | 6,361.8 | 54,921 | 54.5 | 100.0 | Rhode Island Employees Retirement System |
Rhode Island Municipal | 1,625.1 | 16,623 | 80.5 | 100.0 | Rhode Island Employees Retirement System |
Providence ERS | 367.3 | 6,772 | 23.9 | 103.2 | Providence Employees Retirement System |
Source: Public Plans Database (as of 2019)
Public Cost
Annual Required Contribution as percent of State and Local Own-Source Revenue, 2001-2018
Fiscal Year | RI | US |
---|---|---|
2001 | 4.1 | 2.9 |
2002 | 3.5 | 3.0 |
2003 | 4.1 | 3.4 |
2004 | 4.6 | 4.2 |
2005 | 4.9 | 3.8 |
2006 | 5.7 | 3.7 |
2007 | 6.5 | 3.9 |
2008 | 7.1 | 4.2 |
2009 | 8.1 | 4.4 |
2010 | 6.6 | 4.6 |
2011 | 6.3 | 4.9 |
2012 | 7.0 | 5.0 |
2013 | 6.6 | 5.2 |
2014 | 6.9 | 5.6 |
2015 | 7.4 | 5.8 |
2016 | 7.9 | 6.1 |
2017 | 8.0 | 6.0 |
2018 | 8.2 | 6.4 |