The University of Rhode Island has two types of retirement based upon your job title classification. Those employees who are non-classified, faculty or professional staff may be eligible for the OPC 403(b) while classified employees twenty (20) hours or more will be enrolled in the state hybrid pension plan.
Office of Post Secondary Commissioner (OPC) 403(b) Retirement Annuity
- Eligibility Guidelines
- Plan Sponsors
- BOG Medical Retirement Plan
- Thinking About Retirement
- Your Benefits After Retirement – a summary
- Social Security
- Phased Retirement Option for Tenured Faculty
2020 Elective Deferral Contribution Limit
The IRS has announced adjustments in the 403(b) and 457(b) elective deferral contribution limit for 2019. The limit is $19,000. The catch-up contribution limit for people age 50 and over remains unchanged at $6,500.
If you would like to make a change to your 403(b) or 457(b) elective deferral contribution, please contact Heather Nayman at 874-4618.
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 Kit for TIAA 401(a) plan
- Rhode to Retirement Beneficiary Form for TIAA 401(a) plan
- ERSRI Employee Retirement System of RI web site
Employees in the Employee Retirement System of RI pension plan:
Please see the Changes to Retiree Medical Subsidies Frequently Asked Questions which includes the retiree medical cost comparison chart for detailed information regarding the recent legislated changes in the state retiree health. For additional information regarding retiree health and pension information, go to www.ersri.org. Contact ERSRI six months prior to your retirement date.
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
Group Supplemental Retirement Annuity (GSRA) 403(b)