
The information outlined below is based on the Rhode Island Retirement Security Act of 2011, a law enacted November 18, 2011.
Member Contribution Rate to Defined Benefit Plan |
Retirement Eligibility |
Benefit Multiplier |
Average Compensation Period |
Post-Retirement Benefit Adjustments |
8.75 percent |
Retirement upon achieving 50 percent pension benefit with mandatory retirement at 65 percent pension benefit |
Two percent |
Highest five consecutive years, including up to 400 hours mandatory service, with removal of non-salary compensation |
Same as teachers and state employees except COLA begins for a member at later of 55 years old or three years after retirement. See COLA FAQs for suspension rules. |