26 chapters · 426 sections in this title.
R.I. Gen. Laws § 36-12.1-2. Statement of purpose
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The purpose of the Health Insurance and Benefits Funding Act is to address the necessity of funding the State’s unfunded liability for retiree health care benefits required by recent accounting changes and prudent resource management.
R.I. Gen. Laws § 36-12.1-20. Establishment of OPEB trust funds
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The OPEB Board shall establish one or more trust funds and/or sub trusts to hold the assets of the OPEB System, to be known as the Rhode Island OPEB System Trust. Title and legal ownership of all assets of the OPEB System shall be in the name of the Rhode Island OPEB System Trust…
R.I. Gen. Laws § 36-12.1-21. Custody and investment of funds
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(a) All money immediately required for the payment of OPEB Benefits shall be invested only in accordance with the written objectives and guidelines established by the state investment commission pursuant to the provisions of chapter 10 of title 35 and other applicable law. (b) Al…
R.I. Gen. Laws § 36-12.1-22. Disposition of investment earnings
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The OPEB Board shall credit all earned investment income from interest and dividends on investments and bank deposits during any fiscal year to the Rhode Island OPEB System Trust.