RELATING TO EMPLOYEES' RETIREMENT SYSTEM
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Introduced By: Representative Gordon D. Fox |
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Date Introduced: February 05, 2002 |
It is enacted
by the General Assembly as follows:
SECTION 1. Section 36-10-9 of the General Laws in Chapter 36-10 entitled "Retirement System-Contributions and Benefits" is hereby amended to read as follows:
36-10-9. Retirement on service allowance -- In general. -- Retirement of a member on a service retirement allowance shall be made by the retirement board as follows:
(1) Any member may retire upon his or her written application to the retirement board as of the first day of the calendar month in which the application was filed; provided, the member was separated from service prior thereto; and further provided, however, that if separation from service occurs during the month in which application is filed, the effective date shall be the first day following that separation from service; and provided further that the member on his or her retirement date attained the age of sixty (60) and completed at least ten (10) years of total service or who, regardless of age, has completed twenty-eight (28) years of total service.
(2) Any faculty employee at a public institution of higher education under the jurisdiction of the board of governors for higher education shall not be involuntarily retired upon attaining the age of seventy (70) years.
(3) Except as specifically provided in section 36-10-9.1, sections 36-10-12 -- 36-10-15, and sections 45-21-19 -- 45-21-22, no member shall be eligible for pension benefits under this chapter unless the member shall have been a contributing member of the employee's retirement system for at least ten (10) years.
(i) Provided, however, a person who has ten (10) years service credit on or before June 16, 1991, shall be vested.
(ii) Furthermore, any past service credits purchased in accordance with section 36-9-38 shall be counted towards vesting.
(iii) Any person who becomes a member of the employees' retirement system pursuant to section 45-21-4 shall be considered a contributing member for the purpose of chapter 21 of title 45 and this chapter.
(iv) Notwithstanding any other provision of law, no more than five (5) years of service credit may be purchased by a member of the system. The five (5) year limit shall not apply to any purchases made prior to January 1, 1995. A member who has purchased more than five (5) years of service credits before January 1, 1995, shall be permitted to apply those purchases towards the member's service retirement. However, no further purchase will be permitted. Repayment in accordance with applicable law and regulation of any contribution previously withdrawn from the system shall not be deemed a purchase of service credit.
(4) No member of the employees' retirement system shall be permitted to purchase service credits for casual or seasonal employment, for employment as a page in the general assembly, or for employment at any state college or university while the employee is a student or graduate assistant of the college or university.
(5) Except as specifically provided in sections 16-16-6.2 and 16-16-6.4, a member shall not receive service credit in this retirement system for any year or portion thereof, which counts as service credit in any other retirement system in which the member is vested or from which the member is receiving a pension and/or any annual payment for life. This subsection shall not apply to any payments received pursuant to the federal Social Security Act or to payments from a military pension earned prior to participation in state or municipal employment, or to military service credits earned prior to participation in state or municipal employment.
(6) A member who seeks to purchase or receive service credit in this retirement system shall have the affirmative duty to disclose to the retirement board whether or not he or she is a vested member in any other retirement system and/or is receiving a pension, retirement allowance, or any annual payment for life. The retirement board shall have the right to investigate as to whether or not the member has utilized the same time of service for credit in any other retirement system. The member has an affirmative duty to cooperate with the retirement board including, by way of illustration and not by way of limitations the duty to furnish or have furnished to the retirement board any relevant information which is protected by any privacy act.
(7) A member who fails to cooperate with the retirement board shall not have the time of service counted toward total service credit until such time as the member cooperates with the retirement board and until such time as the retirement board determines the validity of the service credit.
(8) A member who knowingly makes a false statement to the retirement board regarding service time or credit shall not be entitled to a retirement allowance and is entitled only to the return of his or her contributions without interest.
SECTION 2. This act shall take effect upon passage.