Rhode Island 2025 Regular Session

Rhode Island Senate Bill S0444 Compare Versions

Only one version of the bill is available at this time.

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5	5	2025 -- S 0444
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7	7	LC001225
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9	9	S T A T E O F R H O D E I S L A N D
10	10	IN GENERAL ASSEMBLY
11	11	JANUARY SESSION, A.D. 2025
12	12	____________
13	13
14	14	A N A C T
15	15	RELATING TO PUBLIC OFFICERS AND EMPLOYEES -- RETIREMENT SYSTEM --
16	16	MEMBERSHIP AND SERVI CE CREDITS
17	17	Introduced By: Senators DiPalma, Tikoian, Sosnowski, Dimitri, and Appollonio
18	18	Date Introduced: February 26, 2025
19	19	Referred To: Senate Finance
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22	22	It is enacted by the General Assembly as follows:
23	23	SECTION 1. Section 36-9-31 of the General Laws in Chapter 36-9 entitled "Retirement 1
24	24	System — Membership and Service Credits" is hereby amended to read as follows: 2
25	25	36-9-31. Armed service credit. 3
26	26	(a) Any active member of the retirement system, who served on active duty in the armed 4
27	27	service of the United States or in the Merchant Marine service of the United States as defined in 5
28	28	P.L. 1946, ch. 1721, § 2 may purchase credit for that service up to a maximum of four (4) years 6
29	29	provided that he or she has received an honorable discharge. Provided further that any employee 7
30	30	on an official leave of absence for illness or injury shall be eligible to purchase military credits as 8
31	31	defined herein while on the leave of absence. 9
32	32	(b) Members of the retirement system who are police officers or firefighters, and who 10
33	33	served in the national guard or reserves, and qualify as veterans, may purchase creditable service 11
34	34	at a ratio of five (5) years of guard or reserve service to one year of creditable service, up to a 12
35	35	maximum of four (4) years; provided that, they have received an honorable discharge. Provided 13
36	36	further, that any police officer or firefighter on an official leave of absence for illness or injury shall 14
37	37	be eligible to purchase military credits as defined in this section while on their leave of absence. 15
38	38	(b)(c) The cost to purchase these credits shall be ten percent (10%) of the member’s first 16
39	39	year’s earnings as a state employee as defined in chapter 9 of this title, multiplied by the number 17
40	40	of years and fraction thereof of the armed service or Merchant Marine service up to a maximum of 18
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43	43	LC001225 - Page 2 of 3
44	44	four (4) years. 1
45	45	(c)(d) There will be no interest charge provided the member makes that purchase during 2
46	46	his or her first five (5) years of membership in the retirement system, but will be charged regular 3
47	47	interest to date of purchase from date of enrollment into membership if purchased after completing 4
48	48	five (5) years of membership; provided, however, any member who was in the retirement system 5
49	49	prior to July 1, 1980, would not be charged interest whenever he or she purchases the armed 6
50	50	services credit. 7
51	51	SECTION 2. This act shall take effect upon passage. 8
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58	58	EXPLANATION
59	59	BY THE LEGISLATIVE COUNCIL
60	60	OF
61	61	A N A C T
62	62	RELATING TO PUBLIC OFFICERS AND EMPLOYEES -- RETIREMENT SYSTEM --
63	63	MEMBERSHIP AND SERVI CE CREDITS
64	64	***
65	65	This act would allow members of the retirement system who served in the national guard 1
66	66	or reserves and qualify as veterans, to purchase retirement service credits based on their years of 2
67	67	service in the National guard or reserves. 3
68	68	This act would take effect upon passage. 4
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