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 | 6,678 | 26.7 | 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 | 8.1 | 6.0 |
| 2018 | 8.8 | 6.8 |