Authorizes retired police officers and firefighters to earn income in addition to their earnable compensation; provided that, the amount would not exceed 5 times the rate of earnable compensation currently in force.
Allows police and firefighters to retire with 20 years of service and attained 57 years of age based on their highest 3 years consecutive compensation.
Amend a provision in the general laws relative to additional benefits payable to retired judges and their surviving spouses.
Amend a provision in the general laws relative to additional benefits payable to retired judges and their surviving spouses.
Requires that insurance policies for property damage, personal injuries, and indemnification other than payment of compensation for workers compensation, state policy limits and no amount of the policy may be used to pay costs to defend a claim.
Increases the Rhode Island earned-income credit to twenty percent (20%) on January 1, 2026. Such credit would not exceed the amount of state income tax.
Reinstates the cost of living adjustments for retirees, when the annual investment return of the retirement system, exceeds ten percent (10%).
Increases the state earned-income credit as of January 1, 2026 to seventeen percent (17%) of the federal earned-income credit, not to exceed the amount of state income tax.
Affords an option for police and firefighters to receive retirement allowances, without reduction, who seek retirement after twenty (20) years of service upon reaching age fifty-seven (57).
Amends the pension benefits for both current and former Rhode Island state police members, and would extend the time period a member may serve in the Rhode Island state police.