General Treasurer Gina M. Raimondo has announced the addition of Frequently Asked Questions regarding the Rhode Island Retirement Security Act (RIRSA) to the Treasury website. The FAQs can be accessed by visiting www.treasury.ri.gov and clicking the Rhode Island Retirement Security Act of 2011 link.
"It is important that people have access to accurate information about the proposed pension reform and how it will affect them," Raimondo said. "Re-designing the state pension system is in the interest of every Rhode Islander and is critical to moving toward a thriving economy."
RIRSA is designed to provide a secure retirement for all 66,000 members of the state retirement system. It also ensures that the pension system is well funded, and that the pension line item in the annual state budget will not jump to unaffordable levels in the future.
Check the website often for updates. The current FAQs are based on RIRSA as submitted to the General Assembly as of Oct. 18.