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The University of Rhode Island has two types of retirement plans based upon your job title classification. Those employees who are non-classified, faculty or professional staff working twenty (20) hours or more per week may be eligible for the RIOPC 403(b), while classified employees working twenty (20) hours or more will be enrolled in the ERSRI state hybrid pension plan.
RI Office of Post Secondary Commissioner (RIOPC) Joint Alternate Retirement Plans:
403(b) Retirement Choice Defined Contribution Plan
- Joining the 403(b) – Eligibility Guidelines and Contribution Forms
- Retirement Plan Carrier
- RIOPC COPE Medical Retirement Plan
- Thinking About Non Classified 403(b) Retirement?
- Your Benefits After Retirement – a summary
- Social Security Administration Benefit
- Medicare.gov
- Phased Retirement Option for Tenured Faculty
2024 Elective Deferral Contribution Limit
The IRS has announced adjustments in the 403(b) and 457(b) elective deferral contribution limit for 2024. The limit is $23,000. The catch-up contribution limit for people age 50 and over is $7,500.
If you would like to make a change to your 403(b) or 457(b) elective deferral contribution, please contact Jerrica Men at (401) 874-2533.
- Contribution Change Authorization Forms
- OPC TIAA Web site
- TIAA (web site, contacts, campus schedule)
Employee Retirement System of Rhode Island (ERSRI)
Eligible Classified Employees are enrolled in the hybrid ERSRI retirement where you contribute 5% of your biweekly salary to a 401(a) and 3.75% of your biweekly salary to the state pension.
- Rhode to Retirement New Hire Information for TIAA 401(a) plan
- Rhode to Retirement Update Beneficiaries for TIAA 401(a) plan
- ERSRI Employee Retirement System of RI web site
Employees in the Employee Retirement System of RI pension plan:
For additional information regarding your pension plan login to your ERSRI Retirement Account. Use your Projection Tool to determine when you are eligible for State Retirement.
Thinking about an ERSRI retirement?
Are you transferring from a Classified to a Non-Classified Position?
Comparison Chart for ERSRI Pension Hybrid Plan vs. 403(b) Retirement Annuity
Other retirement plan options
TIAA Retirement Choice Plus 403(b) Elective Deferral
