Ocean State Investment Pool | Rhode Island Office of the General Treasurer

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.

Ocean State Investment Pool

The Ocean State Investment Pool (OSIP), established by the General Assembly in June 2011 is currently managed by Fidelity Investments. By creating economies of scale, OSIP is designed to provide a competitive cash investment option for Rhode Island municipalities and public agencies. The pool, created by Treasury under the guidance of the Rhode Island State Investment Commission, is a voluntary, safe, liquid, low-cost alternative investment vehicle that should help to improve and grow resources.