Rhode Island · Free tool
Rhode Island ERSRI Retirement Calculator
The Employees' Retirement System of Rhode Island (ERSRI) calculates a pension as 1.0% multiplied by your average compensation multiplied by your years of service. Enter your numbers below for an estimate.
Enter your numbers. The percentage is pre-filled with the 1.0% ERSRI multiplier; adjust it for your tier or service level.
ERSRI uses a 1.0% multiplier on your average compensation (the average of your highest five years). Early retirement before your normal retirement age reduces the benefit. Confirm with Rhode Island ERSRI.
Your estimated Rhode Island ERSRI pension
Updates as you type.
Educational estimate only, not financial advice. Uses a simplified Rhode Island ERSRI formula and your inputs; your real benefit varies by tier, service, age, and salary rules.
How the Rhode Island ERSRI formula works
Rhode Island runs a hybrid plan. The defined-benefit pension uses a 1% multiplier on your average compensation, the average of your highest five years, and you also have a separate defined-contribution account. This calculator estimates the defined-benefit side only.
This calculator uses a single percentage and a simplified formula, so treat the result as an estimate and confirm your figure with ERSRI. Rhode Island teachers also pay into Social Security. Use the full Teacher Retirement Calculator to combine your pension with your 403(b)/457(b) and Social Security, or read what the WEP and GPO repeal means for teachers.
Questions
How is a Rhode Island ERSRI pension calculated?
The ERSRI benefit multiplies a 1.0% multiplier by your average compensation by your years of service. For example, 30 years at a $55,000 average compensation is 1.0% × $55,000 × 30 = $16,500 per year before any early-retirement reduction.
Is the Rhode Island plan a hybrid?
Yes. ERSRI pairs a 1% defined-benefit pension with a separate defined-contribution account. This tool estimates only the defined-benefit pension.
Do Rhode Island teachers get Social Security?
Yes. Rhode Island teachers pay into Social Security, so most receive a ERSRI benefit plus a Social Security benefit. Adding any 403(b) or 457(b) savings completes the picture.