Title 36, Title 36 Officers and Employees

Immediately after his or her selection, the actuary shall make such investigation of the mortality, service, and compensation experience of the members as the retirement board shall authorize for the purpose of determining the proper tables to be prepared and submitted to the ret…

Every year beginning with the year 1976, the actuary shall make an actuarial investigation into the mortality, service, and compensation experience of the members and beneficiaries of the retirement system, and shall make a valuation of the assets and liabilities of the system, a…

On the basis of such tables as the retirement board shall adopt, the actuary shall make an annual valuation of the assets and liabilities of the funds of the system created by this chapter.

(a) All money immediately required for the payment of retirement allowances or other benefits shall be deemed to be held in a trust under the laws of the state of Rhode Island with respect to which the general treasurer is designated the trustee in accordance with § 36-8-20(b). T…

The retirement board shall credit all earned investment income from interest and dividends on investments and bank deposits during any fiscal year to the contingency reserve account.

Except as herein provided, no member of the board and no employee of the board shall have any interest, direct or indirect, in the gains or profits of any investment made by the retirement board, nor as such directly or indirectly receive any pay or emolument for his or her servi…

(a) If any provision of chapters 8 — 10 of this title, any rule, or regulation made thereunder, or the application thereof to any person or circumstance is held invalid by a court of competent jurisdiction the remainder of those chapters, rules, or regulations and the application…

The auditor general shall conduct upon the request of the retirement board a separate annual performance audit of the retirement system which shall include a report on the actuarial valuation of the assets and liabilities of the retirement system. The auditor general may examine …

A retirement system is hereby established and placed under the management of the retirement board for the purpose of providing retirement allowances for employees of the state of Rhode Island under the provisions of chapters 8 — 10 of this title. The retirement system so created …

(a) Intent. It is intended that the retirement system satisfy the requirements of § 401(a) of the Internal Revenue Code of 1986 as amended from time to time, 26 U.S.C. § 401 (hereinafter referred to as the “code”), in form and operation, to the extent that those requirements appl…

(a) The retirement board shall provide: (1) The online distribution of any archived video or audio recordings of meetings of the board to be displayed on the employees’ retirement system website; and (2) The online distribution of all video or audio recordings of meetings occurri…

The general administration and the responsibility for the proper operation of the retirement system and for making effective the provisions of chapters 8 — 10 of this title are hereby vested in a retirement board. The retirement board shall, from time to time, establish rules and…

The members of the retirement board shall be immune from suit in any civil action for negligence based on any official act or statement performed or made in good faith in the course of their duties as set out in § 36-8-3.

(a) There is hereby authorized, created and established in the office of the general treasurer an independent retirement board which shall hold and administer, in trust, the funds of the retirement system in accordance with the provisions of chapters 8 — 10 of this title and shal…

(a) A member of the board shall discharge duties with respect to the retirement system: (1) Solely in the interest of the participants and beneficiaries; (2) For the exclusive purpose of providing benefits to participants and beneficiaries and paying reasonable expenses of admini…

If, for any reason whatsoever, there shall be a vacancy in the office of an appointed member of the board the appointing authority shall appoint a successor within seventy (70) days for the balance of the vacated term; provided, however, that all gubernatorial and general treasur…

Each member of the board shall be entitled to one vote. A majority of the board shall constitute a quorum and all actions of the board shall be a majority vote of the members present and voting at which a quorum is present. The board shall keep a record of all the proceedings whi…

Members of the board shall serve without compensation but shall be reimbursed for any necessary expenditures and no employee shall suffer any loss of salary or wages through serving upon the board.

The retirement board shall submit to the governor, the speaker of the house of representatives, the president of the senate and the secretary of state, on or before the first day of December in each year, an annual report showing the financial transactions of the system for the f…

(a) No law shall be enacted conferring special pension benefits upon any individual or group of individuals unless this section is specifically repealed. (b) The retirement board shall take no administrative action conferring special benefits upon any individual or group of indiv…

(a) There shall be a legal counsel to the board who shall be appointed by the general treasurer. The general treasurer shall be ex-officio chairperson and treasurer of the retirement board and he or she shall be responsible for appointing the custodian of the funds. There shall a…