Introduced By: Representative Paul E. Moura
Date Introduced : February 9, 1999
It is enacted by the General Assembly as follows:
SECTION 1. Sections 16-16-6 and 16-16-6.1 of the General Laws in Chapter 16-16 entitled "Teachers' Retirement" are hereby amended to read as follows:
16-16-6. Credit for service in private schools or as federal
employee -- Contributions. -- In determining the creditable
service of any teacher employed in any city or town for the purposes
of retirement there may be added to, and included in, total service,
as defined in this chapter, not more than five (5) years of service
as a teacher or in a capacity essentially similar or equivalent
to that of a teacher in any private school or institution and
in public schools wherein the teacher was paid by funds of the
United States government except such schools or institutions as
are operated for profit; provided, however, that this service
shall not be counted as creditable service unless the member shall
pay into the retirement system a {DEL lump sum DEL} contribution
equal to the full actuarial value of {DEL such credit DEL}
{ADD each year of credit for which application is made ADD} {DEL credit DEL}
based on the salary of the member in effect at the date of application
for such credit as determined by the retirement board. The retirement
board shall fix and determine the time when and the conditions
under which the payments shall be made.
16-16-6.1. Credit for service outside state -- Contributions.
-- (a) In determining the creditable service of any teacher
employed in any city or town for the purpose of retirement, there
may be added to, and included in, total service as defined in
this chapter not more than five (5) years of service as a teacher
in the public school outside this state; provided, however, this
service shall not be counted as creditable service unless the
member shall pay into the retirement system a contribution equal
to the full actuarial value of {DEL the DEL} {ADD each year
of ADD} {ADD credit for which application is made ADD} based upon
the teacher's compensation at the time he or she makes application
to purchase credit for each year of service for which he or she
claims credit.
(b) Credit for service outside the state may also be used for retirement purposes under the above conditions for teachers who retire on ordinary disability under section 36-10-13 provided these teachers have at least ten (10) years creditable service within the state.
(c) The term "outside this state" shall be construed to mean service in any state college, university, school, or public school in any other state of the United States, or in any territory or possession of the United States, including the Philippine Islands or in any school under the jurisdiction of the United States government.
(d) The retirement board shall fix and determine by rules and regulations the time when and the conditions under which payments shall be made.
SECTION 2. This act shall take effect upon passage.
