Official State of Rhode Island website

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State of Rhode Island, Office of the General Treasurer , James A. Diossa, General Treasurer

Robert Leylegian

Date
2024-01-31

What will be done for the current employees who did not make the cutoff in 2011 and are only contributing 1% instead of 2.28% before the enactment of the changes? Let's use the money in the TIAA account and purchase back the 1.28 percent. Many of us are going to have to work well beyond 35 years to have a secure retirement. The fees we pay in the TIAA account are excessive and detrimental to our retirement.

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