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Can I work for the State of Rhode Island?
If you are retired from ERSRI, you may not work for the state unless you suspend your pension. This includes consulting work for the state through a…
Will my survivors receive a death benefit?
Your designated beneficiary is eligible to receive a one-time death benefit payment regardless of the pension payment option you selected. The…
Am I eligible for health insurance?
ERSRI does not administer healthcare coverage for retirees. State retirees should contact the Office of Employee Benefits using the link below for…
Once I retire, can I change my option?
If you selected Option 1 or Option 2, you may change your retirement option one time, as long as you and your beneficiary have not divorced. However…
Why has the amount of my monthly pension payment changed?
Your benefit amount may be different if you have received a COLA, had a change in your tax withholding election, healthcare, or other deductions, or…
Who do I contact about the Defined Contribution portion of my pension for QDRO purposes?
For QDRO information and forms for the Defined Contribution portion of your pension administered by TIAA, you or your attorney should visit TIAA’s…
I am a retiree. Once the QDRO has been received by ERSRI, when can I expect to see the deduction from my monthly pension benefit for my former spouse?
For retirees and their former spouses, the QDRO is effective the month following the date it is received by ERSRI. You can expect to see payments…
Will my former spouse be entitled to a cost of living adjustment (COLA)?
The determination regarding a COLA is made by the parties and should be addressed in the Property or Marital Settlement Agreement. If a COLA is…
If I chose or choose to elect the SRA Plus Social Security Option at the time of retirement, how does this election affect payment to my former spouse?
The SRA Plus Social Security Option allows for a greater benefit to the retiree until age 62 when the benefit is reduced. If the QDRO is silent on…
I would prefer that my former spouse receive a larger benefit now and in a couple of years, I would like that benefit to be reduced. How can I accomplish this?
A QDRO cannot require multiple payment arrangements either increasing or decreasing the monthly pension. The terms of the Order may be amended at a…
How do I submit a QDRO to ERSRI?
You or your lawyer must provide ERSRI with a certified copy of your divorce decree and property or marital settlement agreement which was signed by…
My QDRO was submitted to ERSRI and approved several years ago. Will it be necessary to re-review it for approval?
ERSRI is in possession of QDROs dating back several years. Once you are ready to retire, your QDRO will be reviewed for approval. In some cases, it…
My former spouse was previously awarded a percentage of my pension but has agreed to waive that award. What information does ERSRI need in order to assure that I receive my entire pension upon retirement? What if my former spouse and I remarry each other?
In either instance, ERSRI would need a Court Order stating that the previous QDRO has been vacated and/or that the former spouse has waived interest…
Can my former spouse choose a lump sum instead of a monthly benefit?
Lump sum payments can only be made to an Alternate Payee under a QDRO if the Participant has terminated employment and has elected to take a refund…
Can my former spouse, who is the Alternate Payee, designate a beneficiary for his/her share of my pension in the event he/she dies before me?
No, the Alternate Payee’s portion of the pension has no survivor benefit. If the Alternate Payee dies prior to the Participant’s retirement, or any…
How do I complete the Beneficiary Nomination form?
The Beneficiary Nomination form must be completed as instructed in the QDRO and must include any additional beneficiaries for any remaining money…
I am a retired member who selected a joint and survivor option when I retired. Can I exercise my right to change to another option and/or change the beneficiary once I am divorced?
If you selected a joint and survivor option at the time of retirement, you may exercise your right to revoke or modify that retirement option…
How long will it take for ERSRI to qualify and approve my DRO once it is received by ERSRI?
Since all situations differ, it can take a few weeks to several months for ERSRI to qualify and approve a domestic relations order. That is why once…
When should the draft QDRO be submitted to ERSRI?
The draft QDRO should be submitted to ERSRI as soon as possible. Although the Participant may not be ready to retire, the QDRO provides ERSRI with…
Can anyone from the Retirement System assist me in drafting a QDRO?
No. The role of ERSRI in approving QDROs is simply to determine whether the QDRO satisfies the requirements of the retirement plan and relates solely…