Chapter
226
2004 -- S 2271
Enacted 07/01/04
A N A C T
RELATING TO TOWNS AND CITIES
-- BURRILLVILLE
Introduced By: Senators P
Fogarty, Walaska, Tassoni, Perry, and Goodwin
Date
Introduced: February 05, 2004
It is enacted by the General
Assembly as follows:
SECTION
1. Section 45-21.2-25 of the General Laws in Chapter 45-21.2 entitled
"Optional Retirement for
Members of Police Force and Fire Fighters" is hereby repealed.
45-21.2-25.
Burrillville police -- Optional twenty (20) year retirement on service
allowance. -- Notwithstanding section 45-21.2-22, the town council
of the town of Burrillville
may, by ordinance adopted,
permit the retirement of a member on a service retirement allowance
as follows:
(1) Any member of the Burrillville Police Department may retire pursuant to
this section
upon his or her written
application to the board stating at what time he or she desires to retire;
provided, that the member, at
the specified time for his or her retirement has completed at least
twenty (20) years of total
service;
(2) Upon retirement from service, pursuant to subdivision (1) of this section,
a member
shall receive a retirement
allowance which shall be a life annuity terminable at the death of the
annuitant, and shall be equal to
three percent (3%) of final compensation multiplied by the years
of total service, but not to
exceed sixty percent (60%) of final compensation;
(3) Upon the adoption of a service retirement allowance, pursuant to this
section, each
member shall contribute an
amount equal to one and two-tenths percent (1.2%) more than that
contribution required under
section 45-21.2-14;
(4) This section shall be exempt from the provisions of chapter 13 of this
title.
SECTION
2. Chapter 45-21.2 of the General Laws entitled "Optional Retirement for
Members of Police Force and Fire
Fighters" is hereby amended by adding thereto the following
section:
45-21.2-22.1.
Burrillville police – Optional twenty-year retirement on service
allowance. -- Notwithstanding section 45-21.2-22, the town
council of the town of Burrillville,
may by ordinance adopted, permit
the retirement of a member on a service retirement allowance
as follows:
(1)
Any member may retire pursuant to this section upon his or her written
application to
the board stating at what time
he or she desires to retire; provided, that the member, at the
specified time of his or her retirement,
has completed at least twenty (20) years of total service;
(2)
Upon retirement from service, pursuant to subdivision (1), a member receives a
retirement allowance that is a
life annuity terminable at the death of the annuitant, and is equal to
three percent (3%) of final
compensation multiplied by the years of total service, but not to
exceed sixty percent (60%) of
final compensation;
(3)
Upon retirement from service where member has in excess of twenty (20) years of
service, a member receives a
retirement allowance that is a life annuity terminable at the death of
the annuitant, and is an amount
equal to the sum of three percent (3%) of final compensation
multiplied by the first twenty
(20) years of service and one and one-half percent (1.5%) of final
compensation multiplied by the
years of service in excess of twenty (20) years. The annual
retirement allowance in no event
shall exceed seventy-five percent (75%) of final compensation;
(4)
Upon the adoption of a service retirement allowance, pursuant to this section,
each
member shall contribute an
amount equal to ten and two-tenths percent (10.2%) of the salary or
compensation earned or accrued
to the member;
(5)
Notwithstanding anything to the contrary hereinabove, any member who retires
with
less than twenty (20) years of
service shall be subject to section 45-21.2-6 for purposes of
determining any service
retirement allowance;
(6)
This section is exempt from the provisions of chapter 13 of this title;
(7)
Except as specifically set forth hereinabove, all other provisions of chapter
45-21.2
shall be applicable to
Burrillville police officers who make application to retire.
SECTION
3. This act shall take effect upon passage.
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LC01152
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