Estimated yearly retirement income of a typical full-career Rhode Island state employee, old system (Schedule B) versus new system (RIRSA)
| Defined contribution | Defined benefit | |
|---|---|---|
| Schedule B | $0 | $56,064 |
| RIRSA, mean returns (7.35%) | $19,277 | $28,963 |
| RIRSA, low returns (5.95%) | $14,651 | $28,963 |
| RIRSA, high returns (8.75%) | $25,724 | $28,963 |
Source: Author's analysis of GRS (2011c, 2012)