Pension Facts The Employee’s Retirement System of Rhode Island (ERSRI) was established in 1936 “for the purpose of providing retirement allowances for employees of the state of Rhode Island…” Today, ERSRI serves approximately 60,000 active and retired members, representing the following professions: State Employees Public School Teachers Municipal, Police and Fire Employees from participating communities State Judges State Police ERSRI is governed by a 15 member Retirement Board chaired by the General Treasurer, and the management of ERSRI investments is overseen by the State Investment Commission. ERSRI currently operates a “hybrid” pension system, with a defined benefit plan for all members and a supplemental defined contribution plan for younger members. Further information about pension benefits and eligibility can be found on the ERSRI home page.