While the General Treasurer has no authority over locally administered pension plans, the office is committed to maintaining an open door policy to assist Rhode Island’s municipalities. According to the state auditor general, collectively, the 36 locally-administered plans have a reported unfunded liability of approximately $2.1 billion, and funding level of only 40 percent.

Unlike the state-administered system, which is governed by statute, most of these local plans are determined by collectively-bargained contracts.  The local plans each have unique situations, varying widely in their design, funding status, and membership. 

Swiftly placing these plans on a healthy path is critical to the future prosperity of our state.

• Retirement Security Act for Locally Administered Pension Funds
• Access presentation materials from the Local Pension Workshops