All municipal employees (except for Uniform Police hired prior to 7/1/2014 and all Firefighters) are required to become members of a hybrid pension system to include the Municipal Employees Retirement System of the State of Rhode Island and TIAA Financial Services. Employee pre-tax contributions include: for Municipal Employees - two percent (2%) to MERS (defined benefit plan) and five percent (5%) to TIAA (defined contribution plan); for Police Officers (hired after 7/1/2014) - nine percent (9%) to MERS (defined benefit plan) and three percent (3%) to TIAA (defined contribution plan).
Police Officers (hired prior to 7/1/2014) and Firefighters are required to become members of the City of Newport's Retirement system. Police Officers (hired prior to 7/1/2014) contribute eight percent (8%) of their regular salary to this plan while Firefighters contribute nine percent (9%) of their regular salaries on a bi-weekly basis.
For more information regarding the municipal employee's pension system, please visit their web sites:
Municipal Employees' Retirement System of RI
Got a question? Call (401) 462-7600 to speak with an ERSRI staff member
ERSRI is located at 50 Service Avenue, Warwick, RI 02886
Got a question? Call (401) 276-3700 or 888-842-2249
TIAA local office is located at 15 Park Row West, Suite 102, Providence, RI 02903
43 Broadway, Newport, RI 02840
Phone: (401) 845-5300 (M-F 8:30 a.m. - 4:30 p.m.)
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