Title 35, Title 35 Finance

(a) The office of the general treasurer shall not implement the program if the IRA arrangements offered fail to qualify for the favorable federal income tax treatment ordinarily accorded to IRAs under the Internal Revenue Code, or if it is determined that the program is an employ…

The office of the general treasurer, commission, and the program administrator and staff, including, contract administrators and consultants, shall discharge their duties as fiduciaries with respect to the program for the exclusive purposes of providing benefits to program partic…

(a) The office of the general treasurer shall have the power and duties necessary to administer the enforcement of employer compliance with this chapter, including the ability to impose penalties. (b)(1) The office of the general treasurer shall issue a notice of noncompliance to…

The office of the general treasurer may adopt rules and regulations to implement this chapter.

A payroll deposit IRA arrangement offered pursuant to the RISavers retirement savings program shall have the same status as, and be treated consistently with, any other IRA for the purpose of determining eligibility or benefit level for a program that uses a means test.

This chapter shall be construed liberally in order to effectuate its purpose. The purposes of this chapter and all of its provisions with respect to the powers granted shall be broadly interpreted to effectuate that intent and purposes and not as to any limitation of powers.

As used in this chapter: (1) “Eligible employee” means a person age eighteen (18) years or older who is employed by an eligible or optional employer and has been employed for a period of not less than one hundred twenty (120) days. “Eligible employee” does not include: (i) Any em…

(a) There is hereby established a retirement savings program known as the Rhode Island secure choice retirement savings program to be administered by the office of the general treasurer for the purpose of promoting greater retirement savings for Rhode Island private sector employ…

(a) The office of the general treasurer may select an appropriate third-party administrator(s) for the program and shall adopt such plan, trust, and/or custodial documents, with such features and attributes as the office of the general treasurer determines necessary or advisable …

The RISavers retirement savings program shall include, as determined by the office of the general treasurer, one or more payroll deduction IRA arrangements.

(a) The office of the general treasurer shall have the power and authority to do all of the following: (1) Adopt a seal and change and amend it from time to time; (2) Make provisions for the payment of costs of administration and operation of the program; (3) Retain and contract …

In addition to the powers and authority granted to the office of the general treasurer pursuant to § 35-23-6, the office of the general treasurer shall have the power and authority to do the following: (1) Cause the retirement savings program or arrangements established under the…

(a) Prior to opening the RISavers retirement savings program for enrollment, the office of the general treasurer shall design and disseminate to employers an employee information packet that shall also be made available in an electronic format. The packet shall include background…

(a) After the office of the general treasurer opens the RISavers retirement savings program for enrollment, eligible employers shall have a payroll deposit retirement savings arrangement to allow employee participation in the program under the terms and conditions prescribed by t…