Title 45, Title 45 and Cities

Any member who has rendered service as a teacher, as defined under the provisions of chapters 16 and 17 of title 16, or as a state employee, as defined by the provisions of chapters 8 to 10 of title 36, is entitled to credit for that service for the various purposes of this syste…

Subject to the previously stated restrictions, and to any other rules and regulations that the retirement board adopts, the retirement board shall verify as soon as practicable after the establishment of the system the statement of service submitted.

(a) The retirement board fixes and determines, by appropriate rules and regulations, how much service in any year is equivalent to a year of service, but in computing the service or in computing the compensation it shall credit no period of more than a month’s duration during whi…

(a) Members with at least one year of membership credits who have been granted an official leave of absence without pay for illness, injury, educational or, any other reason, may receive credit for the leave by making contributions to the retirement system, in a lump sum, in an a…

(a) Upon verification of the statement of service submitted, the retirement board shall issue to the member a prior service certificate certifying to the aggregate length of prior service as an employee. So long as membership continues, a prior service certificate is final and co…

Retirement of a member on a service retirement allowance shall be made by the retirement board as follows: (1)(i) Any member who is eligible to retire on or before June 30, 2012, may retire upon the member’s written application to the retirement board as of the first day of the c…

All members of the municipal employees retirement system retiring under the provisions of this title on or after July 1, 1998, or joining the system pursuant to § 45-21.4-2 or § 45-21.4-3, are required to participate in electronic funds transfer and to supply the municipal employ…

(a) Upon retirement from service after January 1, 1969, a member shall receive a retirement allowance which is a life annuity terminable upon death of the annuitant and is an amount equal to two percent (2%) of final compensation multiplied by the number of years of total service…

(a) Every city or town may by ordinance provide that every person who has served as a member of the legislative body of the city or town for a period of ten (10) years and has attained the age of sixty (60), or who has served for a period of twenty (20) years, is entitled to rece…

(a) In lieu of the retirement on service allowance, a vested member who retires in accordance with § 45-21-16 may choose an optional form of retirement benefit known as the social security supplemental option. (b) This option provides for the payment of a larger benefit before th…

The right to a service retirement allowance under the provisions of this chapter is vested in a member who withdraws from service prior to the attainment of the applicable minimum age of retirement as prescribed in this section, who has not received a refund; provided, that the m…

(a) Any member who has had five (5) or more years of total service, may, upon the member’s own application or upon application of the employer, or some person acting in the member’s behalf, while in active service or on leave of absence for illness, apply for ordinary disability …

The following words and phrases as used in this chapter have the following meanings unless a different meaning is plainly required by the context: (1) “Accumulated contributions” means the sum of all amounts deducted from the compensation of a member and credited to the member’s …

Upon retirement for ordinary disability, a member receives a retirement allowance equal to the rate prescribed for service retirement subject to the provisions of § 45-21-31; provided that no member retiring with less than ten (10) years of total service receives a benefit less t…

(a) Any member in active service, regardless of length of service, is entitled to an accidental disability retirement allowance. Application for the allowance shall be made by the member or on the member’s behalf, stating that the member is physically or mentally incapacitated fo…

Upon retirement for accidental disability, a member receives a retirement allowance equal to sixty-six and two-thirds percent (662/3%) of the rate of the member’s compensation at the date of the member’s retirement subject to the provisions of § 45-21-31.

(a) At least once each year the retirement board may, and upon application shall, require any disability annuitant under the minimum age for service retirement, whether in receipt of an ordinary disability retirement allowance or an accidental disability retirement allowance, to …

(a) Should the beneficiary be engaged in a gainful occupation or should the beneficiary be offered service as a result of the placing of his or her name on a list of candidates, the retirement board shall adjust, and from time to time readjust, the amount of his or her disability…

Upon the accidental death of a member before retirement; provided, that evidence is submitted to the retirement board proving that the death of the member was the natural and proximate result of an accident while in the performance of duty at some definite time and place, and tha…

Upon the death of a member while in service, prior to retirement, from any cause other than accidental death arising directly out of and in the course of employment, a payment is made of the contributions of the member without interest. In addition, if the death of the member occ…

(a) Upon the death of a member after retirement, unless the member has selected any of the options provided in § 45-21-30, a benefit is payable consisting of the excess, if any, of the total contributions of the member at the date of retirement, without interest, over the aggrega…

Any member who withdraws from service or who ceases to be a member for any reason other than death or retirement, shall be paid on demand the contributions which were standing to the member’s credit in the member’s individual account in the members’ contribution reserve, without …

(a) Any member who has received a refund upon withdrawal from service has the privilege of making a repayment to the system of the amount that the member received as a refund, including regular interest from the date of receipt of the refund to the date of repayment of the refund…

The retirement system created in this chapter begins operations when at least five (5) municipalities, having a combined number of eligible employees for participation in the system of not less than one hundred fifty (150), have accepted the provisions of this chapter, and the ef…

(a) A beneficiary, or, if the beneficiary is an incompetent, then his or her spouse or domestic partner, or if he or she has no spouse or domestic partner, a guardian of the beneficiary’s estate, may elect to receive a benefit in a retirement allowance, payable throughout life, o…

Any amounts paid or payable under the provisions of any workers’ compensation law, exclusive of Medicare set aside allocation, specific compensation benefits or any benefits due pursuant to the terms of a collective bargaining agreement or as the result of any action for damages …

A retirement system is hereby established and placed under the management of the retirement board created by chapter 8 of title 36, for the purpose of providing retirement allowances for employees of participating municipalities of the state of Rhode Island under the provisions o…

It is the duty of each participating municipality to furnish at the times and in the manner that the retirement board may direct, information concerning the names, ages, length of service, and pay of members employed by a municipality and any other data which the retirement board…

The retirement board shall submit to the governor for transmittal to the general assembly, on or before the first day of December in each year, an annual report showing the financial transactions of the system for the fiscal year next preceding that date. The report shall contain…

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

(a) The general treasurer, under the direction and supervision of the retirement board, is charged with the establishment and maintenance of any accounts and statistical records that the retirement board may require, and he or she shall employ any clerical assistance necessary to…

All benefits, allowances and other payments authorized by this chapter shall be made upon vouchers duly approved by the chairperson of the retirement board and countersigned by the chief of the retirement system.

All contributions received by the retirement system from members and participating municipalities shall be paid periodically to the general treasurer and shall be deposited by the treasurer to the credit of the retirement system. All moneys not immediately required for the paymen…

The retirement board shall annually allow regular interest, as may be prescribed by the retirement board, on the various reserves of the retirement system from the interest and dividends earned from investments.

(a) Any municipality may accept this chapter by an ordinance or resolution of its governing body stating the group or groups of employees to be included as provided in § 45-21-7. When the ordinance or resolution has been approved, a certified copy of it shall be forwarded to the …

Except as provided in this section, 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 a member or employee of the board, directly or indirectly receive a…

(a) Prior to July 1, 2012, each member shall contribute an amount equal to six percent (6%) of salary or compensation earned and accruing to the member; provided, that contributions by any member cease when the member has completed the maximum amount of service credit attainable.…

(a) Each municipality, pursuant to the provisions of 26 U.S.C. § 414(h)(2) of the United States Internal Revenue Code, may, pursuant to appropriate legal action by the municipality, pick up and pay the contributions which would be payable by the employees as members under § 45-21…

(a) Each municipality shall make contributions to the system to provide for the remainder of the obligation for retirement allowances, annuities, and other benefits provided in this chapter, after applying the accumulated contributions of the members, interest income on investmen…

There is transferred to the restricted receipt account established in § 36-8-10.1 up to a maximum of seventeen and one-half (17.5) basis points (0.175%), where one hundred (100.0) basis points equals one percent (1.0%), of the average total investments before lending activities o…

Proposed legislation which directly impacts the retirement system can potentially affect the benefits of all plan participants and beneficiaries. Since it is in the best interests of plan participants and beneficiaries to determine the financial consequences of any proposed legis…

(a) An adequate system of accounts and records is established and maintained for the system that fully reflects the requirements of this chapter. All assets of the system are credited according to the purposes for which they are held in the following designated reserve accounts: …

(a) To determine the employer contribution rate for any participating municipality, the actuary shall compute the costs under chapters 21 and 21.2 of title 45 using the entry age normal cost method. (b) The determination of the employer contribution rate for fiscal year 2013 shal…

Regular interest requirements, and the maintenance of reserves in accordance with the provisions of this chapter, are guaranteed by the respective participating municipalities, which guaranty extends only to their proportionate interests in the retirement system as determined upo…

The right of a member or beneficiary to a pension, an annuity, a retirement allowance, to the return of contributions, any benefit or right accrued or accruing to any person under the provisions of this chapter, and the moneys of the retirement system created under this chapter, …

Every person who knowingly or willfully makes or presents or in any way procures the making or presentation of any false or fraudulent affidavit or affirmation concerning any claim for retirement allowance or payment of retirement allowance, shall, in every case, forfeit a sum no…