Table 1
Employees' Retirement System of Rhode Island benefit accrual rates before and after recent reforms
| Before 2005 changes | After changes | |||
|---|---|---|---|---|
| Year(s) of service | Accrual rate | Year(s) of service | Accrual rate after 2005 changes | Accrual rate after RIRSA |
| 1–10 | 1.70% | 1–10 | 1.60% | 1.00% |
| 11–20 | 1.90% | 11–20 | 1.80% | 1.00% |
| 21–34 | 3.00% | 21–25 | 2.00% | 1.00% |
| 35 | 2.00% | 26–30 | 2.25% | 1.00% |
| 31–37 | 2.50% | 1.00% | ||
| 38 | 2.25% | 1.00% | ||
Source: Author's analysis of GRS (2006, 2011c, 2012)
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