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.
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.
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.
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.
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.
Provides an option for members to receive retirement allowances, without reduction, after twenty (20) years of service upon reaching age fifty-seven (57).
Requires that present and former employees, active and retired members, and beneficiaries receiving any retirement, disability or death allowance receive a $2,000 increase per year.
Permits retired state employees to receive mileage and wages, if applicable, equal to that of full-time members of the board or commission; provided, however, in no event shall the amount be greater than ten thousand dollars ($10,000) per year.
Allows members of the retirement system who served in the national guard or reserves and qualify as veterans, to purchase retirement service credits based on their years of service in the National guard or reserves.
Allows members of the retirement system who served in the national guard or reserves and qualify as veterans, to purchase retirement service credits based on their years of service in the National guard or reserves.