2012 -- H 7334

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LC01066

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STATE OF RHODE ISLAND

IN GENERAL ASSEMBLY

JANUARY SESSION, A.D. 2012

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A N A C T

RELATING TO CITIES AND TOWNS

     Introduced By: Representatives McLaughlin, Reilly, Valencia, Ucci, and Hull

     Date Introduced: February 02, 2012

     Referred To: House Finance

It is enacted by the General Assembly as follows:

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     SECTION 1. Chapter 45-21 of the General Laws entitled "Retirement of Municipal

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Employees" is hereby amended by adding thereto the following section:

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     45-21-67. Payment of Actuarial Studies. – If a municipality conducts an actuarial study

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that is a part of an effort to reduce its pension-related obligations, fifty percent (50%) of any and

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all costs associated with the preparation of the study shall be paid by the state.

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     SECTION 2. This act shall take effect upon passage.

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LC01066

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EXPLANATION

BY THE LEGISLATIVE COUNCIL

OF

A N A C T

RELATING TO CITIES AND TOWNS

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     This act would provide that in the event a municipality conducts an actuarial study as part

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of an effort to reduce its pension-related obligations, fifty percent (50%) of any and all costs

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associated with the preparation of the study shall be paid by the state.

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     This act would take effect upon passage.

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LC01066

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