TITLE 16
Education

CHAPTER 16-16
Teachers' Retirement [See Title 16 Chapter 97 – The Rhode Island Board of Education Act]

SECTION 16-16-40.1


§ 16-16-40.1 One-time adjustment to original retirement allowance.

(a) All teachers and the beneficiaries of teachers who retired during the calendar year 1979 shall receive an additional eight percent (8%) to their original retirement allowance.

(b) All teachers and the beneficiaries of teachers who retired during calendar year 1978 shall receive an additional two percent (2%) added to the base eight percent (8%) paid to the 1979 retirees. Provided, further that an additional two percent (2%) of the retirement allowance shall be paid for each year to a maximum of twenty percent (20%) to those retirees and beneficiaries who retired in calendar year 1973 and prior to 1973 as indicated in the following schedule:

Year of Retirement Additional Percentage
1979 8%
1978 10%
1977 12%
1976 14%
1975 16%
1974 18%
1973 20%
Years prior to 1973 20%

(c) The additional percentage shall be incorporated into the recipient's monthly benefit starting with the payment due on or after July 31, 1986.

(d) The provisions of §§ 45-13-7 through 45-13-10 shall not apply to this section.

History of Section.
(P.L. 1986, ch. 482, § 3.)