Active and Retired Members of the Employees’ Retirement System of Rhode Island: As directed by the General Assembly and required by Rhode Island Law, the General Treasurer has convened a Pension Advisory Working Group to assess the impacts of the Rhode Island Retirement Security Act of 2011. The Advisory Working Group is scheduled to meet six times over the next four months, beginning Thursday, November 2, 2023, at 4:00 p.m. All meetings will be open to the public and livestreamed by CapitolTV. ERSRI members are encouraged to submit written testimony to gentreasurer@treasury.ri.gov, or through the online submission form. More information concerning the scheduled meeting dates and the members of the Advisory Working Group can be found here.
Other Post-employment Benefit (OPEB) Trust The General Assembly established the Retiree Health Care Trust Fund with passage of the Health Insurance and Benefits Funding Act of 2008 in order to pre-fund non-pension retiree benefits. Prior to the Act of 2008, the State had funded retiree health care benefits on a pay-as-you-go basis. The General Treasurer’s office has a seat on the OPEB board, which is responsible for the administration and operation of the OPEB system. Management and administrative responsibility for the investment program is delegated to the State Investment Commission, who will have final authority over any investment decisions. The OPEB trust was first funded in April of 2011. More detailed performance data for the fund can be found in the monthly State Investment Commission reports.