Rhode Island Employees Retirement System
public plan · State of Rhode Island · Providence, RI
ACTIVE
D
Pension Health Score
46/100
Funding Status62% Funded
0%80% threshold100%
$11.0B
Total Assets
$17.8B
Total Liabilities
$6.8B
Unfunded Liability
52,927
Participants
Funding History
What This Means for You
Rhode Island Employees Retirement System is significantly underfunded at 62%, with $6.8B in unfunded liabilities affecting 52,927 participants. Plans at this funding level face difficult choices: raising contributions substantially, reducing future benefit accruals, or in extreme cases, applying for benefit suspensions. Public plans cannot declare bankruptcy, but severe underfunding may lead to reduced cost-of-living adjustments or increased employee contributions. If you are a participant, it is important to understand your options and consider diversifying your retirement income sources.
Year-by-Year Funding
| Year | Assets | Liabilities | Funding Ratio | Contributions |
|---|---|---|---|---|
| 2025 | $11.0B | $17.8B | 61.8% | $784.6M |
| 2024 | $10.4B | $17.0B | 61.3% | $709.5M |
| 2023 | $10.2B | $17.0B | 59.9% | $734.4M |
| 2022 | $9.6B | $17.2B | 55.9% | $708.0M |
| 2021 | $9.5B | $14.5B | 65.5% | $753.6M |