2012 -- H 7418

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LC00778

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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 TOWNS AND CITIES - RETIREMENT OF MUNICIPAL EMPLOYEES

     

     

     Introduced By: Representative Scott J. Guthrie

     Date Introduced: February 08, 2012

     Referred To: House Finance

It is enacted by the General Assembly as follows:

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     SECTION 1. Section 45-21-4 of the General Laws in Chapter 45-21 entitled "Retirement

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of Municipal Employees" is hereby amended to read as follows:

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     45-21-4. Acceptance by municipalities -- Effective date. -- (a) Any municipality may

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accept this chapter by an ordinance or resolution of its governing body stating the group or groups

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of employees to be included as provided in section 45-21-7. When the ordinance or resolution has

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been approved, a certified copy of it shall be forwarded to the retirement board by the city clerk

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or the moderator of the financial town meeting. After the system has begun operations, the

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effective date of participation of any municipality shall be the first day of July at least ninety (90)

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days following the receipt by the retirement board of the certified copy of the ordinance or

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resolution as provided in this section.

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      (b) The Smithfield Town Council may by resolution provide that regular police officers

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hired after July 2, 1999 and/or regular firefighters who are members of Smithfield's private

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pension system may become members of the Municipal Employees' Retirement System of the

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State of Rhode Island in accordance with chapters 21 or 21.2 of this title. No resolution may be

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adopted by the Town of Smithfield pursuant to this subsection until an actuary study has been

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completed to determine the potential cost of the resolution. The cost of the actuary study shall be

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paid by the Town of Smithfield.

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     (c) Notwithstanding any general or public law to the contrary, membership pursuant to

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this chapter shall be limited to municipalities that do not participate in any other pension plan or

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system.

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     SECTION 2. This act shall take effect upon passage.

     

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LC00778

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EXPLANATION

BY THE LEGISLATIVE COUNCIL

OF

A N A C T

RELATING TO TOWNS AND CITIES - RETIREMENT OF MUNICIPAL EMPLOYEES

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     This act would limit membership in the municipal retirement system to those

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municipalities that do not belong to any other pension plan.

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     This act would take effect upon passage.

     

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LC00778

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H7418