A N A C T
RELATING TO THE RETIREMENT SYSTEM -- MEMBERSHIP AND SERVICE CREDITS
It is enacted by the General Assembly as follows:
SECTION 1. Chapter 36-9 of the General Laws entitled "Retirement System-Membership and Service Credits" is hereby amended by adding thereto the following section:
36-9-2.1. Membership in other retirement systems. -- (a) An employee who is a member of the retirement system may be a member of the retirement system of any union provided the union retirement plan is covered by the Employee Retirement Income Security Act of 1974 (ERISA) and is tax qualified pursuant to the Internal Revenue Service, and remain eligible to participate and receive benefits as provided in chapters 8 through 10, inclusive of this title.
(b) Participants in a union retirement system shall not receive a greater wage or benefit increase then that granted other state employees covered by a collective bargaining clause.
SECTION 2. This act shall take effect upon passage.