TITLE 36
Public Officers and Employees

CHAPTER 36-10
Retirement System – Contributions and Benefits

SECTION 36-10-10.2


§ 36-10-10.2 Amount of service retirement allowance – Correctional officers.

(a) Upon retirement for service under § 36-10-9.2, a member with twenty-five (25) or more years of service as of June 30, 2012 shall receive a retirement allowance of an amount determined under (i) below. All other members shall receive a retirement allowance of an amount equal to the sum of (i) below for service prior to July 1, 2012, plus (ii) below for service on and after July 1, 2012.

(i) Two percent (2%) of his or her average compensation multiplied by his or her first thirty (30) years of total service within the department of corrections; any and all years of remaining service shall be issued to the member at a retirement allowance of an amount equal to his or her average compensation multiplied by the percentage allowance determined in accordance with Schedule A below:

Schedule A

Years of Service Percentage Allowance

1 through 30 inclusive 2%

31st 6%

32nd 5%

33rd 4%

34th 3%

35th 2%

(ii) On and after July 1, 2012, two percent (2%) of his or her average compensation multiplied by his or her first thirty (30) years of total service within the department of corrections, and three percent (3%) of his or her average compensation multiplied by the member's thirty-first (31st) through thirty-fifth (35th) years of service.

(b) In no case shall a retirement percentage allowance exceed the greater of the member's retirement percentage allowance on June 30, 2012 or seventy-five percent (75%). Any member who has in excess of thirty-five (35) years on or before July 1, 1987, shall not be entitled to any refund. Any member with thirty-five (35) years or more on or after July 1, 1987, shall contribute from July 1, 1987, until his or her retirement, provided, however, that any member with thirty-eight (38) years of service prior to July 1, 1987, shall not be required to contribute.

History of Section.
(P.L. 1984, ch. 12, § 2; P.L. 1987, ch. 587, § 1; P.L. 2011, ch. 408, § 7; P.L. 2011, ch. 409, § 7; P.L. 2015, ch. 141, art. 21, § 6.)