The Rule of 95 is an alternative full benefit retirement eligibility date to allow members to retire earlier than their schedule-based eligibility date. Under the Rule of 95, members can retire when their age plus their years of service equal 95 provided that they are at least 62 years old.

For example, a member who is 62 years old could retire with 33 years of service rather than waiting until their schedule-based eligibility date (62 + 33 = 95).

There are various types of service credit you may be eligible to purchase, along with a request form for each type. Once you have completed the appropriate form and have had it certified by your employer, you can submit it to ERSRI for processing. You may pay either by lump sum, an installment agreement via payroll deduction, or a rollover of pre-tax dollars from a qualified plan (i.e. a 401(k)). Once you have selected a payment method, you may not change it, as required by federal law. Use the section below for the more common types of credit as well as the full list.

Listed here are a few of the more common types of credit you may be able to purchase.

To schedule your counseling session six to twelve months before retirement, please call ERSRI at (401) 462-7600.

ERSRI also provides individual counseling to members planning to retire within the next 3 years. Use the link below for more information and to initiate your counseling request.

The QDRO Model for multiple beneficiaries is for active state employees or teacher members only.