2023 -- H 6017 | |
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LC002154 | |
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STATE OF RHODE ISLAND | |
IN GENERAL ASSEMBLY | |
JANUARY SESSION, A.D. 2023 | |
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A N A C T | |
RELATING TO PUBLIC OFFICERS AND EMPLOYEES -- RETIREMENT SYSTEM-- | |
MEMBERSHIP AND SERVICE CREDITS | |
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Introduced By: Representatives Finkelman, Baginski, Solomon, J. Brien, Cardillo, | |
Date Introduced: March 01, 2023 | |
Referred To: House Finance | |
It is enacted by the General Assembly as follows: | |
1 | SECTION 1. Section 36-9-31 of the General Laws in Chapter 36-9 entitled "Retirement |
2 | System — Membership and Service Credits" is hereby amended to read as follows: |
3 | 36-9-31. Armed service credit. |
4 | (a) Any active member of the retirement system, who served on active duty in the armed |
5 | service of the United States or in the Merchant Marine service of the United States as defined in |
6 | P.L. 1946, ch. 1721, § 2 may purchase credit for that service up to a maximum of four (4) years |
7 | provided that he or she has received an honorable discharge. Provided further that any employee |
8 | on an official leave of absence for illness or injury shall be eligible to purchase military credits as |
9 | defined herein while on the leave of absence. |
10 | (b) For members of the retirement system, who served in the national guard or reserves, |
11 | who qualify as a veteran, may purchase creditable service at a ratio of five (5) years of guard or |
12 | reserve service to one year of creditable service up to a maximum of four (4) years; provided that, |
13 | they have received an honorable discharge. Provided further, that any employee on an official leave |
14 | of absence for illness or injury shall be eligible to purchase military credits as defined herein while |
15 | on the leave of absence. |
16 | (c) The cost to purchase these credits shall be ten percent (10%) of the member’s first year’s |
17 | earnings as a state employee as defined in chapter 9 of this title, multiplied by the number of years |
18 | and fraction thereof of the armed service or Merchant Marine service up to a maximum of four (4) |
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1 | years. |
2 | (c)(d) There will be no interest charge provided the member makes that purchase during |
3 | his or her first five (5) years of membership in the retirement system, but will be charged regular |
4 | interest to date of purchase from date of enrollment into membership if purchased after completing |
5 | five (5) years of membership; provided, however, any member who was in the retirement system |
6 | prior to July 1, 1980, would not be charged interest whenever he or she purchases the armed |
7 | services credit. |
8 | (e) Effective July 1, 2023, any members who are employed as state police officers, deputy |
9 | sheriffs, capitol police officers, environmental police officers, firefighters, crew chiefs, assistant |
10 | chiefs, fire investigators, fire safety inspectors, fire safety training officers, explosives and |
11 | flammable liquids technicians, and campus police officers employed by the State of Rhode Island |
12 | and executive military staff, or any municipal police officer employed by any municipality, shall |
13 | be exempt from the provisions of subsections (c) and (d) of this section relating to the cost to |
14 | purchase credit for military service and any interest charges. |
15 | SECTION 2. This act shall take effect upon passage. |
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EXPLANATION | |
BY THE LEGISLATIVE COUNCIL | |
OF | |
A N A C T | |
RELATING TO PUBLIC OFFICERS AND EMPLOYEES -- RETIREMENT SYSTEM-- | |
MEMBERSHIP AND SERVICE CREDITS | |
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1 | This act would allow members of retirement systems who served in the national guard or |
2 | reserves and also qualify as veterans to purchase retirement services credits. Additionally, this act |
3 | would exempt active members of the retirement system employed as a state public safety |
4 | professional and/or a municipal police officer from the cost to purchase credit for military service |
5 | and interest charges. |
6 | This act would take effect upon passage. |
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