The Employees Retirement System of Rhode Island administers pension benefits for substantially all state employees, public school teachers, and employees of most political subdivisions in the state. The System maintains separate plans for state employees and teachers; municipal employees; state police; and judges. System assets are invested by the State Investment Commission.
Rhode Island Employees Retirement System Basics, by Plan
Source: Public Plans Database (as of 2022)
Note: Rhode Island Employees Retirement System has 3 other plans.
Assets
Assets at Year-End
Rhode Island Employees Retirement System
2001-2022
| Fiscal Year |
Net Assets (billions) |
| 2001 |
6.2 |
| 2002 |
5.5 |
| 2003 |
5.4 |
| 2004 |
6.3 |
| 2005 |
6.7 |
| 2006 |
7.3 |
| 2007 |
8.5 |
| 2008 |
7.9 |
| 2009 |
6.1 |
| 2010 |
6.6 |
| 2011 |
7.5 |
| 2012 |
7.3 |
| 2013 |
7.6 |
| 2014 |
8.3 |
| 2015 |
8.0 |
| 2016 |
7.6 |
| 2017 |
8.1 |
| 2018 |
8.4 |
| 2019 |
8.6 |
| 2020 |
8.6 |
| 2021 |
10.6 |
| 2022 |
10.1 |
Membership
Ratio of Actives to Beneficiaries, 2001-2022
| Fiscal Year |
Rhode Island Employees Retirement System |
US State and Local Pensions |
| 2001 |
1.8 |
2.4 |
| 2002 |
1.8 |
2.3 |
| 2003 |
1.7 |
2.2 |
| 2004 |
1.7 |
2.1 |
| 2005 |
1.6 |
2.1 |
| 2006 |
1.6 |
2.0 |
| 2007 |
1.5 |
2.0 |
| 2008 |
1.4 |
1.9 |
| 2009 |
1.3 |
1.9 |
| 2010 |
1.2 |
1.8 |
| 2011 |
1.2 |
1.7 |
| 2012 |
1.2 |
1.6 |
| 2013 |
1.4 |
1.5 |
| 2014 |
1.4 |
1.4 |
| 2015 |
1.4 |
1.4 |
| 2016 |
1.4 |
1.4 |
| 2017 |
1.4 |
1.4 |
| 2018 |
1.3 |
1.3 |
| 2019 |
1.4 |
1.3 |
| 2020 |
1.4 |
1.3 |
| 2021 |
1.3 |
1.2 |
| 2022 |
1.3 |
1.2 |
2022 Membership for Rhode Island Employees Retirement System
| Actives |
Beneficiaries |
Inactive Vested |
Total Membership |
# of Participating Employers |
| 39,213 |
29,783 |
15,331 |
84,327 |
78 |
Cash Flows
Cash Flow vs. Total Assets (Millions)
Rhode Island Employees Retirement System
2001-2022
| Fiscal Year |
Cash Flow |
Assets |
| 2001 |
-133.3 |
6,165.5 |
| 2002 |
-182.4 |
5,474.3 |
| 2003 |
-181.2 |
5,440.3 |
| 2004 |
-190.6 |
6,259.9 |
| 2005 |
-218.4 |
6,749.8 |
| 2006 |
-202.8 |
7,329.2 |
| 2007 |
-152.1 |
8,508.8 |
| 2008 |
-150.7 |
7,876.6 |
| 2009 |
-261.7 |
6,069.0 |
| 2010 |
-322.7 |
6,577.1 |
| 2011 |
-345.1 |
7,488.9 |
| 2012 |
-320.1 |
7,284.5 |
| 2013 |
-469.6 |
7,588.2 |
| 2014 |
-447.9 |
8,250.0 |
| 2015 |
-414.4 |
8,024.9 |
| 2016 |
-396.0 |
7,620.7 |
| 2017 |
-359.1 |
8,129.1 |
| 2018 |
-372.6 |
8,389.7 |
| 2019 |
-352.6 |
8,569.0 |
| 2020 |
-309.7 |
8,578.2 |
| 2021 |
-313.0 |
10,555.0 |
| 2022 |
-196.5 |
10,079.9 |
2022 Cash Flows for Rhode Island Employees Retirement System (millions)
| Inflows |
Outflows |
Investment Gains (losses) |
Change in Net Assets |
| 838.3 |
1,034.8 |
-278.6 |
-475.1 |
Cash Flow as a Percentage of Assets
Rhode Island Employees Retirement System
2001-2022
| Fiscal Year |
Rhode Island Employees Retirement System |
National Average |
| 2001 |
-2.2 |
-2.1 |
| 2002 |
-3.3 |
-2.4 |
| 2003 |
-3.3 |
-2.6 |
| 2004 |
-3.0 |
-2.0 |
| 2005 |
-3.2 |
-2.2 |
| 2006 |
-2.8 |
-2.2 |
| 2007 |
-1.8 |
-2.1 |
| 2008 |
-1.9 |
-2.3 |
| 2009 |
-4.3 |
-3.1 |
| 2010 |
-4.9 |
-3.2 |
| 2011 |
-4.6 |
-3.1 |
| 2012 |
-4.4 |
-3.3 |
| 2013 |
-6.2 |
-3.1 |
| 2014 |
-5.4 |
-2.9 |
| 2015 |
-5.2 |
-2.8 |
| 2016 |
-5.2 |
-3.0 |
| 2017 |
-4.4 |
-2.9 |
| 2018 |
-4.4 |
-2.6 |
| 2019 |
-4.1 |
-2.6 |
| 2020 |
-3.6 |
-2.4 |
| 2021 |
-3.0 |
-2.1 |
| 2022 |
-1.9 |
-2.1 |
