State of Rhode Island: Office of the General Treasurer
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Frequently Asked Questions - BHDDH Nurses
FAQ by Plan
FAQ by Design
- Retirement Age
- Cost of Living Adjustment
- Service Credit Guide
- Hybrid Defined Benefit / Defined Contribution Plan
More FAQs about RI's Pension Crisis
The information outlined below is based on the Rhode Island Retirement Security Act of 2011, a law enacted November 18, 2011.
BHDDH Nurse’s Guide to RIRSA
- Member contributions to DB: 3.75 percent
- Member contributions to DC: 5 percent
- Employer contributions to DC: 1 percent
- DB pension accrual rate: 1 percent per year (See Hybrid FAQs)
- Average Compensation: Average of the highest 5 consecutive years of compensation
- COLA: Same as State Employees and Teachers. (See COLA FAQs)
- Retirement age: Retirement age of 55 with 25 years of service will be preserved. However, current transition rules that allow earlier retirement dates will be eliminated for those not eligible to retire on or before June 30, 2012.
- Vesting: Five years for DB; three years for employer contributions to DC; immediately for employee contributions to DC
Member Contribution Rate to Defined Benefit Plan |
Retirement Eligibility |
Benefit Multiplier |
Average Compensation Period |
Post-Retirement Benefit Adjustments |
Defined Contributions |
3.75 percent |
Age 55 with 25 years of service |
1 percent |
Highest consecutive five years |
Same as State Employees and Teachers. See COLA FAQs for suspension rules. |
Five percent Member plus one percent Employer DC contribution |