Rhode Island 2024 Regular Session

Rhode Island Senate Bill S2367

Introduced
2/12/24  

Caption

Expands the positions that a person in the state retirement system could have at a state college or university post-retirement.

Impact

The passage of S2367 is expected to enhance the involvement of retired professionals in state educational institutions, allowing them to take part in various roles without the forfeiture of their retirement benefits. It maintains existing salary caps for part-time work to prevent excessive financial burdens on the retirement system, helping to balance the engagement of retired members while protecting the integrity of the benefits system. This amendment serves to address the growing need for experienced personnel in educational settings, which can benefit from the leadership and expertise of seasoned retirees.

Summary

Bill S2367 proposes amendments to the retirement system regulations, particularly concerning the employment of retired public officers and employees. This bill aims to expand the range of positions that retired members of the state retirement system may hold at state colleges or universities. Previously, retirees were primarily limited to positions related to educational instruction; however, this bill opens opportunities for roles outside of teaching within higher education. This change acknowledges the valuable contributions that experienced former state employees can make in various capacities.

Contention

Discussions surrounding S2367 have brought up points regarding the balance between allowing retirees to contribute to state services and the potential implications on the retirement system's sustainability. Critics may argue that expanding post-retirement employment may inadvertently affect the financial stability of the retirement benefits system or lead to concerns over whether positions are being filled by retirees rather than new employees. Supporters, however, maintain that leveraging the skills and experiences of retired individuals can markedly enhance the quality of services provided in educational institutions.

Companion Bills

No companion bills found.

Previously Filed As

RI H5039

Retirement System -- Contribution And Benefits

RI S0225

Retirement System -- Contribution And Benefits

RI S0532

Retirement System -- Contributions And Benefits

RI H5643

Retirement System-contributions And Benefits

RI H5008

Retirement Of Municipal Employees - Reemployment Of Police Officers

RI H6413

Teachers' Retirement

RI H5641

Retirement System Contributions And Benefits

RI S0508

Retirement System Contributions And Benefits

RI S0081

Retirement System -- Contributions And Benefits

RI H5812

Retirement System -- Contributions And Benefits

Similar Bills

No similar bills found.