RI S2920

Urges state agencies to develop or expand comprehensive retirement advice programs for employees, including regular workshops, one-on-one certified financial counseling, decision-support tools, and multiple communication channels

Recommends state retirement system administrators partner with qualified financial advice providers to offer holistic guidance on the state's hybrid retirement system (combined defined benefit and defined contribution plans)

Encourages employees to consult with state retirement plans or state-sanctioned financial advisors to assess if they are on track to receive 80 percent of their pre-retirement income when retired

Calls for integration of technology-assisted advice tools alongside human financial advisors, with priority access for employee populations facing greater retirement preparation challenges

Directs the Secretary of State to transmit certified copies to Governor Dan McKee, General Treasurer James Diossa, and the Executive Director of the Employees' Retirement System of Rhode Island (ERSRI)