It is enacted by the General Assembly as follows:
SECTION 1. Title 36 of the General Laws entitled "Public Officers And Employees" is hereby amended by adding thereto the following chapter:
{ADD CHAPTER 9.1
RESTRICTING MEMBERSHIP IN RETIREMENT
SYSTEM TO TEACHERS AND STATE EMPLOYEES ADD}
{ADD 36-9.1-1. Findings. -- ADD} {ADD The general assembly hereby finds the following: The grant of the opportunity to an individual to purchase, pursuant to Chapter 613 of The Public Laws of 1987, as codified in RIGL 36-9-33 (repealed by PL 88-486), (hereinafter "RIGL 36-9-33, repealed"), credit in, and/or to become a member of the Retirement Systems established under Title 16, Chapter 16, Title 45, Chapter 21, and/or Title 36, Chapter 8-10, inclusive ("Retirement Systems") bears no rational relationship to any legitimate governmental purpose. The continued accrual of benefits by the beneficiaries of RIGL 36-9-33 (repealed) and the continued payment of monies under RIGL 36-9-33 (repealed) will cause an invasion of the corpus of the Retirement Systems funds in abrogation of those sections of the Internal Revenue Code of 1986 as amended from time to time which apply to governmental plans (including but not limited to 401)(a) and 401(f), and does not further the purposes behind the Retirement Systems. ADD}
{ADD 36-9.1-2. Status on non-employee and non-teacher members. -- ADD} {ADD (a) Any individual who became a member of the Retirement Systems based solely on RIGL 36-9-33 (repealed), or who purchased credit in the Retirement Systems based upon RIGL 36-9-33 (repealed), shall no longer be entitled to such membership and/or such credit(s) and shall on longer received any benefits of any type from said Retirement Systems which was based upon RIGL 36-9-33 (repealed). By January 1, 1995, the Retirement System shall return any contributions or purchases made pursuant to RIGL 36-9-33 (repealed) by said individual and/or said individual's employer, with interest at the actuarially assumed rate earned by the Retirement Systems on its pension funds during the applicable time period since such contributions and/or purchase was made. ADD}
{ADD (b) Said return of such contributions or purchased shall be offset by any benefits already received by said individual from the Retirement System. ADD}
{ADD Nothing in this act shall be construed as prohibiting any individual from later becoming a member of the Retirement Systems or purchasing credits, in accordance with applicable law. ADD}
SECTION 2. This act shall take effect upon passage.