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2012 -- H 7418 | |
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LC00778 | |
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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 TOWNS AND CITIES - RETIREMENT OF MUNICIPAL EMPLOYEES | |
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Introduced By: Representative Scott J. Guthrie | |
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Date Introduced: February 08, 2012 | |
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Referred To: House Finance | |
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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 | |
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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 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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