2021 -- H 6077 | |
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LC002310 | |
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STATE OF RHODE ISLAND | |
IN GENERAL ASSEMBLY | |
JANUARY SESSION, A.D. 2021 | |
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A N A C T | |
RELATING TO PUBLIC OFFICERS AND EMPLOYEES -- RETIREMENT SYSTEM -- | |
MEMBERSHIP AND SERVICE CREDITS | |
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Introduced By: Representatives McLaughlin, Giraldo, and Potter | |
Date Introduced: March 03, 2021 | |
Referred To: House Finance | |
It is enacted by the General Assembly as follows: | |
1 | SECTION 1. Section 36-9-31 of the General Laws in Chapter 36-9 entitled "Retirement |
2 | System - Membership and Service Credits" is hereby amended to read as follows: |
3 | 36-9-31. Armed service credit. |
4 | (a) Any active member of the retirement system, who served on active duty in the armed |
5 | service of the United States or in the Merchant Marine service of the United States as defined in |
6 | P.L. 1946, ch. 1721, ยง 2 may purchase credit for that service up to a maximum of four (4) years |
7 | provided that he or she has received an honorable discharge. Provided further that any employee |
8 | on an official leave of absence for illness or injury shall be eligible to purchase military credits as |
9 | defined herein while on the leave of absence. |
10 | (b) The cost to purchase these credits shall be ten percent (10%) of the member's first year's |
11 | earnings as a state employee as defined in chapter 9 of this title, multiplied by the number of years |
12 | and fraction thereof of the armed service or Merchant Marine service up to a maximum of four (4) |
13 | years. |
14 | (c) There will be no interest charge provided the member makes that purchase during his |
15 | or her first five (5) years of membership in the retirement system, but will be charged regular |
16 | interest to date of purchase from date of enrollment into membership if purchased after completing |
17 | five (5) years of membership; provided, however, any member who was in the retirement system |
18 | prior to July 1, 1980, would not be charged interest whenever he or she purchases the armed |
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1 | services credit. |
2 | (d) Effective July 1, 2021, any members who are state employees employed as deputy |
3 | sheriffs, capitol police officers, environmental police officers, firefighters, crew chiefs, assistant |
4 | chiefs, fire investigators, fire safety inspectors, fire safety training officers, explosives and |
5 | flammable liquids technicians, and campus police officers employed by the state of Rhode Island |
6 | and executive military staff shall be exempt from the provisions of subsections (b) and (c) of this |
7 | section relating to the cost to purchase credit for military service and any interest charges. |
8 | SECTION 2. This act shall take effect upon passage. |
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EXPLANATION | |
BY THE LEGISLATIVE COUNCIL | |
OF | |
A N A C T | |
RELATING TO PUBLIC OFFICERS AND EMPLOYEES -- RETIREMENT SYSTEM -- | |
MEMBERSHIP AND SERVICE CREDITS | |
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1 | This act would exempt active members of the retirement system employed as state public |
2 | safety professionals from the cost to purchase credit for military service and interest charges. |
3 | This act would take effect upon passage. |
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