Budget & Taxes (Pensions)

died · Rhode Island · Senate May 26, 2026

SB 3014: AN ACT RELATING TO PUBLIC FINANCE -- STATE INVESTMENT COMMISSION

Requires the state investment commission to create a capital access initiative to expand potential investment opportunities for the state’s pension fund and engage qualified but traditionally underrepresented investment managers.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill expands state pension fund investment opportunities, promoting fiscal responsibility and better capital management for public funds85% confidence

Sub-Topics Pensions

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in committee · Rhode Island · Senate May 11, 2026

SB 3100: AN ACT RELATING TO EDUCATION -- TEACHERS' RETIREMENT

Reinstates, for all teachers and state employees who retired after July 1, 2012, their annual cost of living adjustment for retirement plan year 2026.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill reinstates cost of living adjustments for retired teachers and state employees, representing increased funding for public services and retirement benefits.75% confidence ✓ EducationSupports EducationBill reinstates cost of living adjustments for teachers' retirement, directly supporting educators and protecting their financial benefits.85% confidence

Sub-Topics Pensions

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signed · Rhode Island · Senate Jun 22, 2026

SB 2678: AN ACT RELATING TO EDUCATION -- TEACHERS' RETIREMENT

SB 2678 increases the monthly minimum retirement benefit paid to spouses, domestic partners, and former spouses of retired teachers. This change directly affects individuals who receive survivor benefits under the teachers' retirement system. The bill raises the minimum monthly payment amount without altering other retirement eligibility rules. It was introduced on February 27, 2026, and referred to the Senate Finance Committee.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases government spending on teacher retirement benefits, directly funding a public program through higher monthly payments without tax changes.85% confidence ✓ EducationSupports EducationIncreases retirement benefits for teachers' families, directly supporting educator welfare and financial security within education policy.92% confidence

Sub-Topics Pensions

died · Rhode Island · House Apr 16, 2026

HB 8147: AN ACT RELATING TO PUBLIC OFFICERS AND EMPLOYEES -- RETIREMENT SYSTEM -- CONTRIBUTIONS AND BENEFITS

Provides that retirees in the state pension system receive cost of living adjustments compounded into the retiree’s total retirement benefits each year beginning January 1, 2026. This act would be prospective only.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill mandates annual cost-of-living adjustments for state pension benefits, increasing future state spending on retirement programs, aligning with funding essential government services.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentExpands retirement benefits for public retirees via annual COLA, strengthening long-term financial security for workers in state employment.90% confidence

Sub-Topics Pensions Retirement Benefits

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died · Rhode Island · House Apr 16, 2026

HB 8189: AN ACT RELATING TO TAXATION -- EMPLOYER TAX CREDITS FOR RETIREMENT PLAN ESTABLISHMENT, PARTICIPATION AND AUTO-ENROLLMENT

HB 8189 offers tax credits to employers who establish retirement plans for their employees, with additional credit for implementing auto-enrollment. It directly affects employers, particularly small businesses, by reducing their tax burden for creating retirement coverage. The key provision provides financial incentives for setting up plans and automatically enrolling employees (with opt-out options) to boost participation. This policy change aims to increase retirement savings access without altering existing employee benefits.

Topics ✓ Budget & TaxesSupports Budget & TaxesOffers tax credits to employers for retirement plan setup/auto-enrollment, reducing their tax burden and incentivizing retirement savings access.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentBill provides tax incentives for employers to establish retirement plans with auto-enrollment, directly expanding employee retirement benefits and access to workplace savings programs.90% confidence

Sub-Topics Business Taxes Pensions Tax Credits Retirement Benefits

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died · Rhode Island · Senate May 14, 2026

SB 2362: AN ACT RELATING TO EDUCATION -- TEACHERS' RETIREMENT

Increases monthly minimum benefit for a spouse, domestic partner, former spouse. Grant a 3.34% COLA for eligible retirees. Provided a modification reducing federal AGI for public pension benefits from the RI employees retirement system.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill increases state funding for teacher retirement benefits and modifies pension tax treatment, directly advancing public spending on essential programs.92% confidence ✓ EducationSupports EducationIncreases teacher retirement benefits and COLA, directly supporting educator financial security per bill's summary.90% confidence

Sub-Topics Pensions

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died · Rhode Island · Senate May 14, 2026

SB 2374: AN ACT RELATING TO PUBLIC OFFICERS AND EMPLOYEES -- RETIREMENT SYSTEM -- ADMINISTRATION

Changes the teacher and state employees' retirement benefit calculations' cutoff date from July 1, 2024, to July 1, 2012, for all retirement members eligible to and who retire on or after the new July 1, 2012, cutoff date.

Topics ✓ Budget & TaxesSupports Budget & TaxesChanges retirement benefit cutoff to 2012, reducing future state expenditures on retirement benefits, promoting fiscal responsibility.85% confidence ✗ EducationOpposes EducationChanges retirement cutoff to 2012, reducing teacher benefit calculations based on lower historical salaries, weakening teacher compensation.85% confidence

Sub-Topics Pensions Teachers

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died · Rhode Island · House Apr 16, 2026

HB 7162: AN ACT RELATING TO TAXATION -- PERSONAL INCOME TAX

HB 7162 would modify Rhode Island's personal income tax calculation by allowing the exclusion of public pension benefits administered by the Employees Retirement System from federal adjusted gross income. This change directly affects state and local government retirees who receive pensions through the Employees Retirement System. The key provision adjusts how these pension payments are treated for tax purposes, effectively reducing taxable income for eligible recipients. The bill is currently pending in the House Finance Committee after its January 16, 2026, introduction.

Topics ✓ Budget & TaxesSupports Budget & TaxesExcludes public pension benefits from taxable income, providing tax relief to state/local retirees and reducing their tax burden.95% confidence

Sub-Topics Income Tax Pensions

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died · Rhode Island · Senate May 28, 2026

SB 2227: AN ACT RELATING TO TAXATION -- PERSONAL INCOME TAX

SB 2227 amends Rhode Island's personal income tax code to clarify how withdrawals from the state's tuition savings program are treated for tax purposes. Specifically, it modifies the calculation of taxable income for nonqualified withdrawals (those not used for eligible education expenses) by adding back certain amounts to federal adjusted gross income. This affects residents who use Rhode Island's tuition savings program (§ 16-57-6.1) and make nonqualified withdrawals. The bill does not address foreign service pensions as mentioned in the abstract; the actual provisions focus solely on tuition savings program tax treatment. The changes apply to taxable years beginning on or after January 1, 2020.

Topics ✓ Budget & TaxesSupports Budget & TaxesClarifies tax treatment for nonqualified tuition savings withdrawals, closing a potential loophole to ensure proper taxation and fiscal responsibility.95% confidence

Sub-Topics Income Tax Pensions

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passed · Rhode Island · Senate Jun 11, 2026

SB 2365: AN ACT RELATING TO TAXATION -- PERSONAL INCOME TAX

This bill amends Rhode Island's personal income tax code to remove the age limit for modifying Social Security income, allowing residents of all ages to exclude these funds from their taxable income. The legislation also updates tax calculations to include new federal provisions, such as taxing forgiven Paycheck Protection Program loans over $250,000 and adjusting how tuition savings program withdrawals are handled. By aligning state tax rules with recent federal changes, the bill ensures that residents pay state taxes on income that is no longer exempt under federal law.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases tax threshold for social security/retirement income, providing relief to lower/middle-income retirees. Directly modifies tax calculation to reduce taxable income without defunding or increasing burdens.85% confidence

Sub-Topics Income Tax Pensions

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