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.
Debt Management The Office of Debt Management (ODM) is responsible for managing the State’s financial obligations, including overseeing General Obligation and Lease Participation Certificates (COPs), bond issuance, overseeing the timely payment of debt service obligations and the State’s continuing disclosure requirements. ODM is also responsible for producing the legislatively mandated biennial Debt Affordability Study (DAS) and the annual Locally Administered Pension Plan (LAPP) report. ODM is a distinctive component of Treasury in that its major responsibilities include not only overseeing bond issuance and related SEC compliance matters, but also has responsibility for, or is closely involved with, three components of Treasury – debt, pensions, and cash. The Director of ODM also serves as de facto executive director of the Public Finance Management Board (PFMB) and collects PFMB fees on all state and local government debt issues, allocates state volume cap for private activity bonds, conducts municipal training sessions and, along with other Treasury staff, participates in periodic investor conferences. To learn more about the Office of Debt Management, click here.