2015 -- H 5398

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LC000646

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     STATE OF RHODE ISLAND

IN GENERAL ASSEMBLY

JANUARY SESSION, A.D. 2015

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A N   A C T

RELATING TO PUBLIC OFFICERS AND EMPLOYEES - RETIREMENT SYSTEM -

CONTRIBUTION AND BENEFITS

     

     Introduced By: Representatives O'Brien, Carnevale, Maldonado, McKiernan, and Serpa

     Date Introduced: February 11, 2015

     Referred To: House Finance

     It is enacted by the General Assembly as follows:

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     SECTION 1. Section 36-10-9.2 of the General Laws in Chapter 36-10 entitled

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"Retirement System-Contributions and Benefits" is hereby amended to read as follows:

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     36-10-9.2. Retirement on service allowance -- Correctional officers. -- (a) This section

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shall apply to the retirement of members employed as assistant director (adult services), assistant

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deputy director, chief of inspection, and associate directors, correctional officer, chief of security,

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work rehabilitation program supervisor, supervisor of custodial records and reports, and

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classification counselor within the department of corrections, capitol police, and deputy sheriffs

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within the department of public safety, and DEM police.

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      (b) (i) Any member who has attained the age of fifty (50) years may be retired

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subsequent to the proper execution and filing of a written application; provided, however, that the

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member shall have completed twenty (20) years of total service within the department of

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corrections and who retires before October 1, 2009 or is eligible to retire as of September 30,

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2009.

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      (ii) For members who become eligible to retire on or after October 1, 2009, benefits are

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available to members who have attained the age of fifty-five (55) and have completed at least

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twenty-five (25) years of total contributory service within the department of corrections. For

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members in service as of October 1, 2009 who were not eligible to retire as of September 30,

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2009 but who are eligible to retire on or prior to June 30, 2012, the minimum retirement age of

 

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fifty-five (55) will be adjusted downward in proportion to the amount of service the member has

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earned as of September 30, 2009. The proportional formula shall work as follows:

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      (1) The formula shall determine the first age of retirement eligibility under the laws in

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effect on September 30, 2009 which shall then be subtracted from the minimum retirement age of

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fifty-five (55).

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      (2) The formula shall then take the member's total service credit as of September 30,

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2009 as the numerator and the years of service credit determined under (1) as the denominator.

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      (3) The fraction determined in (2) shall then be multiplied by the age difference

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determined in (1) to apply a reduction in years from age fifty-five (55).

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      (c) Any member with contributory service on or after July 1, 2012, who has completed at

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least five (5) years of contributory service but who has not completed twenty-five (25) years of

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contributory service, shall be eligible to retire upon the attainment of the member's Social

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Security retirement age.

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     SECTION 2. This act shall take effect upon passage.

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EXPLANATION

BY THE LEGISLATIVE COUNCIL

OF

A N   A C T

RELATING TO PUBLIC OFFICERS AND EMPLOYEES - RETIREMENT SYSTEM -

CONTRIBUTION AND BENEFITS

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     This act would include the deputy sheriffs and capitol police, within the department of

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public safety, and DEM police, in provisions relating to retirement on service allowances.

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     This act would take effect upon passage.

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