Chapter 482
2007 -- S 0963 AS AMENDED
Enacted 07/07/07
A N A C T
RELATING
TO TOWNS AND CITIES -- OPTIONAL RETIREMENT FOR POLICE/FIRE FIGHTERS
Introduced
By: Senator Kevin A. Breene
Date
Introduced: May 01, 2007
It is enacted by the General Assembly as
follows:
SECTION 1. 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:
45-21.2-6.3.
Richmond police department - Retirement allowance. -- Upon
retirement
from service pursuant to chapter 45-21.2-5, a
member of the Richmond police department shall
receive a retirement allowance which shall be
terminable at the death of the annuitant, and shall
be an amount equal to the sum of two and two
thousand seven hundred twenty-seven ten
hundredths of a percent (2.2727%) of final
compensation (average of final three years' salary)
multiplied by the years of service. The annual
retirement allowance in no event shall exceed
seventy-five percent (75%) of final
compensation.
SECTION 2. Section
45-21.2-5 of the General Laws in Chapter 45-21.2 entitled
"Optional Retirement for Members of Police
Force and Fire Fighters" is hereby amended to read
as follows:
45-21.2-5.
Retirement on service allowance. -- Retirement of a member on a service
retirement allowance shall be made by the
retirement board as follows:
(1) Any member
who has attained or attains age seventy (70) shall be retired as stated in
section 45-21-16 subject to the discretions
contained in that section; provided, that any member
who is a member of the Woonsocket fire
department who has attained or attains an age of sixty-
five (65) years shall be retired. Retirement
occurs on the first day of the next succeeding calendar
month in which the member has attained the age
of sixty-five (65) years.
(2) Any member
may retire pursuant to this subdivision upon written application to the
board stating at what time the member desires to
retire; provided, that the member at the specified
time for retirement has attained an age of
fifty-five (55) years and has completed at least ten (10)
years of total service, and notwithstanding that
the member may have separated from service.
(3) Any member
may retire pursuant to this subdivision upon written application to the
board stating at what time the member desires to
retire; provided, that the member at the specified
time for retirement has completed at least
twenty-five (25) years of total service, and
notwithstanding that the member may have
separated from service.
(4) Any member
may retire pursuant to this subdivision upon written application to the
board stating at what time the member desires to
retire; provided, that the member at the specified
time for retirement has attained an age of fifty
(50) years and has completed at least twenty (20)
years of total service, notwithstanding that the
member may have separated from service;
provided, that the service retirement allowance,
as determined according to the formula provided
in section 45-21.2-6, is reduced one-half of one
percent ( 1/2%) for each month that the age of the
member is less than fifty-five (55) years.
(5) Any member of
the South Kingstown police department may retire pursuant to this
subdivision upon written application to the
board stating at what time the member desires to
retire; provided, that the member at the specified
time for retirement has earned a service
retirement allowance of fifty percent (50%) of
final compensation pursuant to section 45-21.2-
6.1.
(6) Any member of
the Johnston police department may retire pursuant to this
subdivision upon written application to the
board stating at what time the member desires to
retire; provided, that the member at the
specified time for retirement has earned a service
retirement allowance of fifty percent (50%) of
final compensation pursuant to section 45-21.2-
6.2.
(7) Any member of
the Cranston fire department hired after July 1, 1995, or any member
of the Cranston fire department with five (5)
years or less of service effective July 1, 1995, may
retire pursuant to this subdivision upon written
application to the board stating at what time the
member desires to retire; provided, that the
member at the specified time for retirement has
earned a service retirement allowance of fifty
percent (50%) of final compensation for at least
twenty (20) years service; final compensation
for Cranston fire department members is based on
the compensation components of weekly salary,
longevity and holidays with longevity of the
members highest year of earnings and members
shall receive a three percent (3%) escalation of
their pension payment compounded each year on
January 1st following the year of retirement and
continuing on an annual basis on that date;
further, any illness or injury not covered in title 45 of
the general laws relating to the presumption of
disability is governed by the collective bargaining
agreement between the City of Cranston and
members of the Cranston fire department.
(8) Any member of
the Cranston police department hired after July 1, 1995, or any
member of the Cranston police department with
five (5) years or less of service effective July 1,
1995, may retire pursuant to this subdivision
upon written application to the board stating at what
time the member desires to retire; provided,
that the member at the specified time for retirement
has earned a service retirement allowance of
fifty percent (50%) of final compensation for at least
twenty (20) years service; final compensation
for Cranston police department members is based
on the compensation components of weekly salary,
longevity and holidays with longevity of the
members highest year of earnings and members
shall receive a three percent (3%) escalation of
their pension payment compounded each year on
January 1st following the year of retirement and
continuing on an annual basis on that date;
further, any illness or injury not covered in title 45 of
the general laws relating to the presumption of
disability is governed by the collective bargaining
agreement between the City of Cranston and
members of the Cranston police department.
(9) Any member of
the Hopkinton police department may retire pursuant to this
subdivision upon written application to the
board stating at what time the member desires to
retire; provided, that the member at the specified
time for retirement has earned a service
retirement allowance of fifty percent (50%) of
final compensation for at least twenty (20) years
service; final compensation for Hopkinton police
department members is based on the
compensation components of weekly salary,
longevity and holidays with longevity of the
members highest year of earnings and members
shall receive a three percent (3%) escalation of
their pension payment compounded each year on
January 1st following the year of retirement and
continuing on an annual basis on that date.
(10) Any member
of the Richmond police department may retire pursuant to this
subdivision upon written application to the
board stating at what time the member desires to
retire; provided, that the member at the
specified time for retirement has earned a service
retirement allowance of fifty percent (50%) of
final compensation for at least twenty-two (22)
years' service pursuant to section 45-21.2-6.3.
SECTION 3. This
act shall take effect upon passage on July 1, 2008.
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LC02962
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