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2012 -- S 2098 | |
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LC00055 | |
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STATE OF RHODE ISLAND | |
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IN GENERAL ASSEMBLY | |
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JANUARY SESSION, A.D. 2012 | |
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A N A C T | |
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RELATING TO EDUCATION -- TEACHERS' RETIREMENT | |
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     Introduced By: Senators DiPalma, Gallo, Sosnowski, Tassoni, and Hodgson | |
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     Date Introduced: January 18, 2012 | |
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     Referred To: Senate Finance | |
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It is enacted by the General Assembly as follows: | |
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     SECTION 1. Section 16-16-5 of the General Laws in Chapter 16-16 entitled "Teachers' |
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Retirement" is hereby amended to read as follows: |
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     16-16-5. Service creditable. -- (a) In calculating "service", "prior service", or "total |
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service" as defined in section 16-16-1, every teacher shall be given credit for a year of service for |
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each year in which he or she shall have served as a teacher; provided, that any teacher who |
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through illness or leave of absence without pay does not serve a full school year may receive |
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credit for a full school year of service by paying the full actuarial cost as defined in section 36-8- |
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1(9). Credit for leaves of absence shall be limited, in the aggregate, during the total service of a |
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teacher to a period of four (4) years; provided, however, every teacher who had been required to |
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resign for maternity reasons may receive credit for maternity reasons by making contribution to |
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the system upon her return to teaching the amount she would have contributed to the retirement |
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system, with interest, based upon her expected compensation but for her absence due to maternity |
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reasons. |
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      (b) The retirement board shall fix and determine the time when and the conditions under |
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which the payments shall be made. |
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      (c) Any teacher who serves or who has served during a school year at least three-quarters |
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( 3/4) of the number of days that the public schools are required by law to be in session during the |
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year shall be given credit for a year of service for that year. In determining the number of days |
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served by a substitute teacher the total number of days served in any public school of any city or |
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town in the state may be combined for any one school year. Any teacher shall be entitled to "prior |
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service" credit for service prior to July 1, 1949, provided the teacher shall have been in service |
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during the school year 1949-1950. The teacher shall be entitled to service credit for any year |
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subsequent to July 1, 1949, by making contribution to the retirement system the amount he or she |
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would have contributed to the retirement system had he or she been a member, plus regular |
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interest compounded annually to date of payment, payable at a time or in any manner that may be |
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provided by the rules of the retirement board. |
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      (d) Any teacher employed in at least a half |
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program in a school district or between two (2) or more different school districts shall remain a |
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contributing member and shall receive credit for that part-time service. |
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      (e) In computing service or in computing compensation, the retirement board shall credit |
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no more than one year of service on account of all service in one calendar year. |
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      (f) Notwithstanding any other section of law, no member of the retirement system shall |
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be permitted to purchase service credit for any portion of a year for which he or she is already |
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receiving service credit in this retirement system. |
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     SECTION 2. This act shall take effect upon passage. |
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LC00055 | |
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EXPLANATION | |
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BY THE LEGISLATIVE COUNCIL | |
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OF | |
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A N A C T | |
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RELATING TO EDUCATION -- TEACHERS' RETIREMENT | |
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     This act would allow any teacher employed in at least a half (1/2) program including a |
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job share program in a school district or between two (2) or more different school districts to |
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remain a contributing member of the retirement system and receive credit for that part-time |
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service. |
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     This act would take effect upon passage. |
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LC00055 | |
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