Allows teachers, state and municipal employees to retire upon the earlier of reaching age sixty (60) with thirty (30) years of service or the employee's retirement eligibility date under present state statutes.
Allows teachers, state and municipal employees to retire upon the earlier of reaching age sixty (60) with thirty (30) years of service or the employee's retirement eligibility date under present state statutes.
Exempts teachers and state employees who have been retired for more than three (3) full calendar years, from having their retirement benefit adjustment reduced based upon the funded ratio of the employees' retirement system of Rhode Island.
Provides an option for members to receive retirement allowances, without reduction, after twenty (20) years of service upon reaching age fifty-seven (57).
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.
Recalculates the retirement allowance related to early retirement and pension benefits for teachers, state employees and municipal employees.
Recalculates the retirement allowance related to early retirement and pension benefits for teachers, state employees and municipal employees.
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.
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).