Requires that present and former employees, active and retired members, and beneficiaries receiving any retirement, disability or death allowance receive a $2,000 increase per year.
Requires that present and former employees, active and retired members, and beneficiaries receiving any retirement, disability or death allowance receive a $2,000 increase per year.
Reinstates general revenue sharing of state aid among the 39 cities and towns in RI. The initial amount would be based upon population, and would be increased annually thereafter based on the increase in the Consumer Price Index for all Urban Consumers.
Reinstates general revenue sharing of state aid among the 39 cities and towns in RI. The initial amount would be based upon population, and would be increased annually thereafter based on the increase in the Consumer Price Index for all Urban Consumers.
Provides all retired teachers and all retired state employees a one-time stipend in the amount of three percent (3%) of the lesser of either the member's retirement allowance or forty thousand dollars ($40,000) of the member's retirement allowance.
Provides all retired teachers and all retired state employees a one-time stipend in the amount of three percent (3%) of the lesser of either the member's retirement allowance or forty thousand dollars ($40,000) of the member's retirement allowance.
Awards all members of the pension system a three and one-half percent (3.5%) annual benefit adjustment applied to the first thirty thousand dollars ($30,000) of a member's retirement allowance.
Provides for an annual increase of supplemental income for individuals and couples living alone, in accordance with the consumer price index for urban consumers over the average for the previous calendar year, commencing July 1, 2025.
Provides for an annual increase of supplemental income for individuals and couples living alone, in accordance with the consumer price index for urban consumers over the average for the previous calendar year, commencing July 1, 2025.
Authorizes an annual two and one-half percent (2.5%) escalation for all active and retired police and firefighter's retirement pension allowance, compounded each year on January 1 following the year of retirement and continuing yearly, on that date.