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ERSRI executive director Frank Karpinski to retire at end of fiscal year
People - JANUARY 31, 2025

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ERSRI executive director Frank Karpinski to retire at end of fiscal year

by Kali Persall

Frank Karpinski, executive director of the Employees Retirement System of Rhode Island (ERSRI), has announced his retirement at the end of this fiscal year after three decades of public service.

Karpinski is widely recognized as a leading authority on state and municipal pension matters. He joined ERSRI in May 1994 and served as director of finance for seven years before becoming ERSRI director in February 2001.

“Frank’s tenure and contributions to ERSRI and the state have been remarkable,” said James A. Diossa, general treasurer and ERSRI board chair. “His unparalleled knowledge and insightful guidance have been essential in ensuring our continued focus on serving ERSRI members and all Rhode Islanders. We are incredibly grateful for his dedication and leadership throughout his tenure, and we look forward to ensuring a seamless transition as we search for a new executive director.”

As of 2023, ERSRI had a 5.6 percent allocation to real estate and a 3.9

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