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Rhode IslandS32522026 Regular SessionSenateWALLET

AN ACT RELATING TO TOWNS AND CITIES -- RELATING TO CENTRAL FALLS PENSION PLAN .

Sponsored By: Jonathon Acosta (Democratic)

Became Law

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Bill Overview

Analyzed Economic Effects

4 provisions identified: 2 benefits, 0 costs, 2 mixed.

Partial pension transfer when moving cities

If the Central Falls plan is in critical status and you move to a participating city that is not, the system transfers part of your pension value. The amount equals your total accrued liability multiplied by the Central Falls plan’s funded percentage. This helps move a funded share of your pension to your new city.

Central Falls police/fire pension updates

The Central Falls police and fire pension is closed to new members starting August 31, 2019. Employees hired on or after September 1, 2019 are covered under the state retirement rules, including disability benefits, not the closed Central Falls plan. If you were in active service on August 31, 2019, your retirement ages and accrual rates stay the same through June 30, 2026. Starting July 1, 2026, your pension follows the collective-bargaining rules in effect that day. If you were hired before September 1, 2019 and get a disability pension, the board decides under Central Falls standards and pays benefits under the plan terms in effect on August 31, 2019. On July 1, 2026, police and firefighters in the plan start contributing 10% of pay, down from 11.7% (a 1.7% of salary cut).

Funding rules for closed Central Falls plan

The retirement board sets employer contribution rates using an actuary’s plan to pay off unfunded liabilities. Future gains and losses are paid over new closed 20‑year periods. Central Falls remains liable for required pension contributions, and the board can enforce payment. Administration, service credits, and contribution collection follow statewide retirement rules unless this chapter says otherwise.

Central Falls path to join state retirement

Central Falls can let employee groups join the state retirement system by passing a resolution or ordinance. Unions must agree in a collective-bargaining deal with a majority vote, and the retirement board must vote to accept the group. The city sends the paperwork to the board. The retirement board pays the cost to study the entry.

Sponsors & Cosponsors

Sponsor

  • Jonathon Acosta

    Democratic • Senate

Cosponsors

  • John P. Burke

    Democratic • Senate

  • Louis P. DiPalma

    Democratic • Senate

Roll Call Votes

All Roll Calls

Yes: 110 • No: 0

House vote • 6/10/2026

CENTRAL FALLS PENSION PLAN PASSAGE IN CONCURRENCE

Yes: 72 • No: 0

Senate vote • 6/4/2026

TOWNS AND CITIES -- RELATING TO CENTRAL FALLS PENSION PLAN Passage

Yes: 38 • No: 0

Actions Timeline

  1. Effective without Governor's signature — Chapter 266

    6/26/2026Governor

  2. Transmitted to Governor

    6/18/2026Governor

  3. House passed in concurrence

    6/10/2026House

  4. Placed on House Calendar (06/10/2026)

    6/8/2026House

  5. Committee recommends passage in concurrence

    6/8/2026

  6. Scheduled for consideration (06/08/2026)

    6/6/2026

  7. Referred to House Finance

    6/5/2026House

  8. Senate read and passed

    6/4/2026Senate

  9. Placed on Senate Calendar (06/04/2026)

    6/2/2026Senate

  10. Committee recommends passage

    6/2/2026

  11. Scheduled for consideration (06/02/2026)

    5/29/2026

  12. Committee recommended measure be held for further study

    5/14/2026

  13. Scheduled for hearing and/or consideration (05/14/2026)

    5/8/2026

  14. Introduced, referred to Senate Finance

    5/5/2026Senate

Bill Text

  • S3252 - As Introduced

    5/5/2026

    HTMLPDF

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