Chapter 242
2004 -- H 7646
Enacted 07/01/04
A N A C T
RELATING
TO TOWNS AND CITIES -- BURRILLVILLE
Introduced
By: Representatives Aubin, and Lowe
Date
Introduced: February 10, 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repealed.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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LC01103
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