2016 -- H 7181 | |
======== | |
LC003320 | |
======== | |
STATE OF RHODE ISLAND | |
IN GENERAL ASSEMBLY | |
JANUARY SESSION, A.D. 2016 | |
____________ | |
A N A C T | |
RELATING TO EDUCATION -- TEACHER RETIREMENT BENEFITS | |
| |
Introduced By: Representatives Amore, Fogarty, Lombardi, and Canario | |
Date Introduced: January 14, 2016 | |
Referred To: House Finance | |
It is enacted by the General Assembly as follows: | |
1 | SECTION 1. Section 16-16-26 of the General Laws in Chapter 16-16 entitled "Teachers' |
2 | Retirement [See Title 16 Chapter 97 - The Rhode Island Board of Education Act]" is hereby |
3 | amended to read as follows: |
4 | 16-16-26. Spouse's or domestic partner's benefits. -- (a) Spouse's and domestic |
5 | partner's benefits are payable following the decease of a member as provided in ยงยง 16-16-25 |
6 | through 16-16-38. (b) The spouse or domestic partner shall be entitled to benefits upon attaining |
7 | the age of sixty (60) years. (c) The spouse or domestic partner was living with the deceased |
8 | member at the time of the member's death. A spouse or domestic partner is deemed to have been |
9 | living with the deceased member if they were both members of the same household on the date of |
10 | the deceased member's death, or the spouse or domestic partner was receiving regular |
11 | contributions from the deceased member toward support on that date, or the deceased member |
12 | had been ordered by a court to contribute to the spouse's or domestic partner's support. (d) |
13 | Remarriage of the spouse or domestic partner or establishment of a domestic partnership shall |
14 | render him or her ineligible to receive current or future benefits under this section. (e) The |
15 | spouse or domestic partner of a member, as defined in this section, shall be entitled to monthly |
16 | benefits payable in accordance with the following table: |
17 | Highest Annual Salary Spouse's or Domestic Partner's Monthly Minimum Benefit |
18 | $17,000 33,000 or less $750 1,267 |
19 | $17,001 33,001 to $25,000 40,000 875 $1,425 |
| |
1 | $25,001 40,001 to $33,000 50,000 1,000 $1,583 |
2 | $33,001 to $40,000 1,125 |
3 | $40,001 50,001 and over 1,250 $1,900 |
4 | (f) A yearly cost-of-living adjustment for spouse's or domestic partner's benefits shall be |
5 | based on the annual social security adjustment. On January 1 of each year, the minimum benefit |
6 | amount provided by this section shall be annually adjusted for cost-of-living using the previous |
7 | year's social security adjustment. |
8 | (g) Adjustments to minimum benefits provided under subsection (f) of this section shall |
9 | not be compounded. |
10 | SECTION 2. This act shall take effect upon passage. |
======== | |
LC003320 | |
======== | |
| LC003320 - Page 2 of 3 |
EXPLANATION | |
BY THE LEGISLATIVE COUNCIL | |
OF | |
A N A C T | |
RELATING TO EDUCATION -- TEACHER RETIREMENT BENEFITS | |
*** | |
1 | This act would increase the monthly minimum benefits of spouses and domestic partners |
2 | of retired teachers, and would authorize additional yearly non-compounded adjustments. |
3 | This act would take effect upon passage. |
======== | |
LC003320 | |
======== | |
| LC003320 - Page 3 of 3 |