RISavers is a new retirement savings program, sponsored by the Rhode Island Office of the General Treasurer.
Here in Rhode Island, 40% of private-sector employers do not offer retirement benefits.¹ RISavers was created to help bridge our state’s retirement gap.
RISavers is also available for:
Rhode Island workers whose employers do not offer a workplace retirement plan
Self-employed individuals
Others who want an easy way to save in a Roth Individual Retirement Account (IRA) they can take wherever their career leads
Great benefits to help you succeed
Employer benefits
No cost for employers
Getting started is fast and easy
Works seamlessly with your payroll process
Stay competitive by offering a great benefit to your employees
Requires very little time and administration
Saver benefits
Secure, simple way to save for retirement
Your account stays with you through career changes without complicated rollovers
Customizable contribution amounts to meet your needs
It’s voluntary — stay enrolled automatically or opt out and re-enroll later
Access to online tools and real people trained to answer your questions
Expanding access to retirement savings in Rhode Island
More than one quarter of Americans have no money saved for retirement.2 RISavers can help you save for a more financially secure future.
Want even more info?
Download additional information about RISavers.
Reference
1. “No retirement savings plan at work? RI Treasury is working with Connecticut to create one” The Providence Journal. https://www.providencejournal.com/story/news/politics/2024/11/20/ri-is-creating-a-state-run-retirement-program-for-private-sector-workers/76405463007/
2. “Your Evening Briefing: One in Four Americans Have No Retirement Savings,” Bloomberg, 17 April 2023. https://www.bloomberg.com/news/newsletters/2023-04-17/bloomberg-evening-briefing-one-in-four-americans-have-no-retirement-savings