Rhode Island 2023 Regular Session

Rhode Island Senate Bill S0223 Latest Draft

Bill / Introduced Version Filed 02/16/2023

                             
 
 
 
2023 -- S 0223 
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LC000698 
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S TATE  OF RHODE IS LAND 
IN GENERAL ASSEMBLY 
JANUARY SESSION, A.D. 2023 
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A N   A C T 
RELATING TO EDUCATION -- TEACHERS' RETIREMENT 
Introduced By: Senators DiMario, Euer, Lawson, Murray, F. Lombardi, Quezada, 
Valverde, Ciccone, LaMountain, and Lauria 
Date Introduced: February 16, 2023 
Referred To: Senate Finance 
 
 
It is enacted by the General Assembly as follows: 
SECTION 1. Section 16-16-8 of the General Laws in Chapter 16-16 entitled "Teachers’ 1 
Retirement [See Title 16 Chapter 97 — The Rhode Island Board of Education Act]" is hereby 2 
amended to read as follows: 3 
16-16-8. Credit for service as a state or municipal employee. 4 
(a) Any member who shall have rendered service as a state employee as defined by the 5 
provisions of chapter 17 of this title and chapters 8 — 10 of title 36 or who shall have rendered 6 
service as an employee of a participating municipality, as defined by chapter 21 of title 45, shall be 7 
entitled to credit for his or her service for the various purposes of this system, provided the member 8 
shall have been a contributing member for that period. All contributions made by the member shall 9 
be transferred in toto to this system for the periods of service and the retirement system shall 10 
calculate the full actuarial value of the accrued benefit with the former employer. If the full actuarial 11 
value of the accrued benefit with the former employer is greater than the total employee 12 
contributions transferred, the retirement system shall also transfer the difference between full 13 
actuarial value of the accrued benefit with the former employer and the employee’s contributions 14 
from the account of the former employer to the account of the current employer. In any case in 15 
which a member shall have received a refund or refunds of contributions made to the system, the 16 
allowance of the credit for service shall be conditioned upon the repayment of the full actuarial cost 17 
as defined in § 36-8-1(10). Any service as defined in this section for which no contributions were 18 
made may be granted provided the member pays to the retirement system the full actuarial cost as 19   
 
 
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defined in § 36-8-1(10). The retirement board shall fix and determine the rules and regulations 1 
needed to govern the provisions of this section. 2 
(b) Any member who shall have rendered service both as a teacher under §16-16-12, and 3 
service under § 36-10-9.2(a), shall be eligible to elect to combine the member’s service under § 16-4 
16-12, and service under § 36-10-9.2(a), to determine the member’s retirement eligibility date 5 
under § 16-16-12. For any member making this election, the member will receive a single benefit 6 
equal to the accrued benefit computed under § 36-10-10.2, plus the accrued benefit computed under 7 
§ 16-16-13. 8 
SECTION 2. Sections 36-10-9.2 and 36-10-10.2 of the General Laws in Chapter 36-10 9 
entitled "Retirement System — Contributions and Benefits" are hereby amended to read as follows: 10 
36-10-9.2. Retirement on service allowance — Correctional officers. 11 
(a) This section shall apply to the retirement of members employed as assistant director 12 
(adult services), assistant deputy director, chief of inspection, and associate directors, correctional 13 
officer, chief of security, work rehabilitation program supervisor, supervisor of custodial records 14 
and reports, and classification counselor within the department of corrections. 15 
(b)(1) Any member who has attained the age of fifty (50) years may be retired subsequent 16 
to the proper execution and filing of a written application; provided, however, that the member 17 
shall have completed twenty (20) years of total service within the department of corrections and 18 
who retires before October 1, 2009, or is eligible to retire as of September 30, 2009. 19 
(2) For members who become eligible to retire on or after October 1, 2009, benefits are 20 
available to members who have attained the age of fifty-five (55) and have completed at least 21 
twenty-five (25) years of total contributory service within the department of corrections. For 22 
members in service as of October 1, 2009, who were not eligible to retire as of September 30, 2009, 23 
but who are eligible to retire on or prior to June 30, 2012, the minimum retirement age of fifty-five 24 
(55) will be adjusted downward in proportion to the amount of service the member has earned as 25 
of September 30, 2009. The proportional formula shall work as follows: 26 
(i) The formula shall determine the first age of retirement eligibility under the laws in effect 27 
on September 30, 2009, which shall then be subtracted from the minimum retirement age of fifty-28 
five (55). 29 
(ii) The formula shall then take the member’s total service credit as of September 30, 2009, 30 
as the numerator and the years of service credit determined under (b)(2)(i) as the denominator. 31 
(iii) The fraction determined in (b)(2)(ii) shall then be multiplied by the age difference 32 
determined in (b)(2)(i) to apply a reduction in years from age fifty-five (55). 33 
(c) Any member with contributory service on or after July 1, 2012, who has completed at 34   
 
 
LC000698 - Page 3 of 5 
least five (5) years of contributory service but who has not completed twenty-five (25) years of 1 
contributory service, shall be eligible to retire upon the attainment of the member’s Social Security 2 
retirement age or, notwithstanding any other provisions, effective July 1, 2015, members in active 3 
service shall be eligible to retire upon the earlier of: 4 
(1) The attainment of at least age sixty-five (65) and the completion of at least thirty (30) 5 
years of total service, or the attainment of at least age sixty-four (64) and the completion of at least 6 
thirty-one (31) years of total service, or the attainment of at least age sixty-three (63) and the 7 
completion of at least thirty-two (32) years of total service, or the attainment of at least age sixty-8 
two (62) and the completion of at least thirty-three (33) years of total service; or 9 
(2) The member’s retirement eligibility date under § 36-10-9(1)(c)(ii). 10 
(d) Any member who shall have rendered service both as a state employee under § 36-10-11 
9 and/or as a teacher under § 16-16-12, and service under subsection (a) of this section, shall be 12 
eligible to elect to combine the member’s service under subsection (a) of this section and service 13 
under § 36-10-9 and/or § 16-16-12 to determine the member’s retirement eligibility date under § 14 
36-10-9 or § 16-16-12. For any member making this election, the member will receive a single 15 
benefit equal to the accrued benefit computed under § 36-10-10.2, plus the accrued benefit 16 
computed under § 36-10-10 and/or § 16-16-13. 17 
(e) The provisions of subsection (d) shall also apply to members who have retired on a 18 
service retirement allowance on or after July 1, 2012. Any such request for adjustment shall be in 19 
writing to the retirement board and shall apply prospectively from the date the request is received 20 
by the retirement board. 21 
36-10-10.2. Amount of service retirement allowance — Correctional officers. 22 
(a) Upon retirement for service under § 36-10-9.2, a member with twenty-five (25) or more 23 
years of service as of June 30, 2012, shall receive a retirement allowance of an amount determined 24 
under (1) below. All other members shall receive a retirement allowance of an amount equal to the 25 
sum of (1) below for service prior to July 1, 2012, plus (2) below for service on and after July 1, 26 
2012. 27 
(1) Two percent (2%) of his or her average compensation multiplied by his or her first 28 
thirty (30) years of total service within the department of corrections; any and all years of remaining 29 
service shall be issued to the member at a retirement allowance of an amount equal to his or her 30 
average compensation multiplied by the percentage allowance determined in accordance with 31 
Schedule A below: 32 
Schedule A 33 
Years of Service 	Percentage Allowance 34   
 
 
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1 through 30 inclusive 	2% 1 
31
st
 	6% 2 
32
nd
 	5% 3 
33
rd
 	4% 4 
34
th
 	3% 5 
35
th
 	2% 6 
(2) On and after July 1, 2012, two percent (2%) of his or her average compensation 7 
multiplied by his or her first thirty (30) years of total service within the department of corrections, 8 
and three percent (3%) of his or her average compensation multiplied by the member’s thirty-first 9 
(31st) through thirty-fifth (35th) years of service. 10 
(b) A member who has rendered service as a state employee under § 36-10-9 and/or as a 11 
teacher under § 16-16-12 shall be eligible to combine the accrued benefit under § 36-10-10 as a 12 
state employee and/or § 16-16-13 as a teacher with the accrued benefit under this section, provided 13 
the member has first obtained eligibility under § 36-10-9.2(a), (b)(1), or (b)(2). The accrual under 14 
§ 36-10-10 or § 16-16-13 will be added in the year in which service was rendered consistent with 15 
the schedules provided under § 36-10-10 and/or § 16-16-13. 16 
(c) The provisions of subsection (b) shall also apply to members who have retired on a 17 
service retirement allowance on or after July 1, 2012. Any such request for adjustment shall be in 18 
writing to the retirement board and will only apply prospectively from the date the request is 19 
received by the retirement board. 20 
(d) In no case shall a retirement percentage allowance exceed the greater of the member’s 21 
retirement percentage allowance on June 30, 2012, or seventy-five percent (75%). Any member 22 
who has in excess of thirty-five (35) years on or before July 1, 1987, shall not be entitled to any 23 
refund. Any member with thirty-five (35) years or more on or after July 1, 1987, shall contribute 24 
from July 1, 1987, until his or her retirement, provided, however, that any member with thirty-eight 25 
(38) years of service prior to July 1, 1987, shall not be required to contribute. 26 
SECTION 3. This act shall take effect upon passage. 27 
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LC000698 
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EXPLANATION 
BY THE LEGISLATIVE COUNCIL 
OF 
A N   A C T 
RELATING TO EDUCATION -- TEACHERS' RETIREMENT 
***
This act would allow any member who has rendered service both as a teacher under § 16-1 
16-12, and service as a correctional officer under § 36-10-9.2(a), would be eligible to elect to 2 
combine the member’s service under § 16-16-12 to determine the member’s retirement eligibility 3 
date under § 16-16-12. 4 
This act would take effect upon passage. 5 
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LC000698 
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