2014 -- S 2492 | |
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LC004193 | |
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STATE OF RHODE ISLAND | |
IN GENERAL ASSEMBLY | |
JANUARY SESSION, A.D. 2014 | |
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A N A C T | |
RELATING TO PUBLIC OFFICERS AND EMPLOYEES -- RETIREMENT SYSTEM-- | |
CONTRIBUTIONS AND BENEFITS | |
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Introduced By: Senator Michael J.McCaffrey | |
Date Introduced: February 27, 2014 | |
Referred To: Senate Finance | |
It is enacted by the General Assembly as follows: | |
1 | SECTION 1. Section 36-10-31 of the General Laws in Chapter 36-10 entitled |
2 | "Retirement System-Contributions and Benefits" is hereby amended to read as follows: |
3 | 36-10-31. Deduction of amounts received from workers' compensation or as |
4 | damages. -- Any amount paid or payable under the provisions of any workers' compensation law, |
5 | exclusive of Medicare set aside allocations, specific compensation benefits or any benefits due |
6 | pursuant to the terms of a collective bargaining agreement or as the result of any action for |
7 | damages for personal injuries against the state of Rhode Island on account of the death or |
8 | disability of a member shall be offset against and payable in lieu of any benefits payable out of |
9 | funds provided by the state under the provisions of this chapter on account of the death or |
10 | disability of the member. If the value of the total commuted benefits under any workers' |
11 | compensation law or action is less than the present value on an actuarial basis of the benefits |
12 | otherwise payable under this chapter, the value of the commuted payments shall be deducted |
13 | from the present value of the benefits and the balance thereof shall be payable under the |
14 | provisions of this chapter. |
15 | SECTION 2. This act shall take effect upon passage. |
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LC004193 | |
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EXPLANATION | |
BY THE LEGISLATIVE COUNCIL | |
OF | |
A N A C T | |
RELATING TO PUBLIC OFFICERS AND EMPLOYEES -- RETIREMENT SYSTEM-- | |
CONTRIBUTIONS AND BENEFITS | |
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1 | This act would exclude Medicare set aside allocations, specific compensation benefits or |
2 | any benefits due pursuant to the terms of a collective bargaining agreement from offset of state |
3 | death or disability benefits. |
4 | This act would take effect upon passage. |
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LC004193 | |
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