2023 -- H 5403 | |
======== | |
LC001106 | |
======== | |
STATE OF RHODE ISLAND | |
IN GENERAL ASSEMBLY | |
JANUARY SESSION, A.D. 2023 | |
____________ | |
A N A C T | |
RELATING TO PUBLIC OFFICERS AND EMPLOYEES -- RETIRMENT SYSTEM - | |
CONTRIBUTIONS AND BENEFITS | |
| |
Introduced By: Representatives Quattrocchi, and Nardone | |
Date Introduced: February 03, 2023 | |
Referred To: House Finance | |
It is enacted by the General Assembly as follows: | |
1 | SECTION 1. Section 36-10-9.2 of the General Laws in Chapter 36-10 entitled "Retirement |
2 | System — Contributions and Benefits" is hereby amended to read as follows: |
3 | 36-10-9.2. Retirement on service allowance — Correctional officers. |
4 | (a) This section shall apply to the retirement of members employed as assistant director |
5 | (adult services), assistant deputy director, chief of inspection, and associate directors, correctional |
6 | officer, chief of security, administrator of community confinement, home confinement coordinator, |
7 | work rehabilitation program supervisor, supervisor of custodial records and reports, and |
8 | classification counselor within the department of corrections. |
9 | (b)(1) Any member who has attained the age of fifty (50) years may be retired subsequent |
10 | to the proper execution and filing of a written application; provided, however, that the member |
11 | shall have completed twenty (20) years of total service within the department of corrections and |
12 | who retires before October 1, 2009, or is eligible to retire as of September 30, 2009. |
13 | (2) For members who become eligible to retire on or after October 1, 2009, benefits are |
14 | available to members who have attained the age of fifty-five (55) and have completed at least |
15 | twenty-five (25) years of total contributory service within the department of corrections. For |
16 | members in service as of October 1, 2009, who were not eligible to retire as of September 30, 2009, |
17 | but who are eligible to retire on or prior to June 30, 2012, the minimum retirement age of fifty-five |
18 | (55) will be adjusted downward in proportion to the amount of service the member has earned as |
| |
1 | of September 30, 2009. The proportional formula shall work as follows: |
2 | (i) The formula shall determine the first age of retirement eligibility under the laws in effect |
3 | on September 30, 2009, which shall then be subtracted from the minimum retirement age of fifty- |
4 | five (55). |
5 | (ii) The formula shall then take the member’s total service credit as of September 30, 2009, |
6 | as the numerator and the years of service credit determined under (b)(2)(i) as the denominator. |
7 | (iii) The fraction determined in (b)(2)(ii) shall then be multiplied by the age difference |
8 | determined in (b)(2)(i) to apply a reduction in years from age fifty-five (55). |
9 | (c) Any member with contributory service on or after July 1, 2012, who has completed at |
10 | least five (5) years of contributory service but who has not completed twenty-five (25) years of |
11 | contributory service, shall be eligible to retire upon the attainment of the member’s Social Security |
12 | retirement age or, notwithstanding any other provisions, effective July 1, 2015, members in active |
13 | service shall be eligible to retire upon the earlier of: |
14 | (1) The attainment of at least age sixty-five (65) and the completion of at least thirty (30) |
15 | years of total service, or the attainment of at least age sixty-four (64) and the completion of at least |
16 | thirty-one (31) years of total service, or the attainment of at least age sixty-three (63) and the |
17 | completion of at least thirty-two (32) years of total service, or the attainment of at least age sixty- |
18 | two (62) and the completion of at least thirty-three (33) years of total service; or |
19 | (2) The member’s retirement eligibility date under § 36-10-9(1)(c)(ii). |
20 | (d) Any member who shall have rendered service both as a state employee under § 36-10- |
21 | 9, and service under subsection (a) of this section, shall be eligible to elect to combine the member’s |
22 | service under subsection (a) of this section and service under § 36-10-9 to determine the member’s |
23 | retirement eligibility date under § 36-10-9. For any member making this election, the member will |
24 | receive a single benefit equal to the accrued benefit computed under § 36-10-10.2, plus the accrued |
25 | benefit computed under § 36-10-10. |
26 | (e) The provisions of subsection (d) shall also apply to members who have retired on a |
27 | service retirement allowance on or after July 1, 2012. Any such request for adjustment shall be in |
28 | writing to the retirement board and shall apply prospectively from the date the request is received |
29 | by the retirement board. |
30 | SECTION 2. This act shall take effect upon passage. |
======== | |
LC001106 | |
======== | |
| LC001106 - Page 2 of 3 |
EXPLANATION | |
BY THE LEGISLATIVE COUNCIL | |
OF | |
A N A C T | |
RELATING TO PUBLIC OFFICERS AND EMPLOYEES -- RETIRMENT SYSTEM - | |
CONTRIBUTIONS AND BENEFITS | |
*** | |
1 | This act would add the administrator of community confinement and the home confinement |
2 | coordinator in the state retirement system. |
3 | This act would take effect upon passage. |
======== | |
LC001106 | |
======== | |
| LC001106 - Page 3 of 3 |