§ 35-23-2. Definitions.
As used in this chapter:
(1) "Eligible employee� means a person age eighteen (18) years or older who is employed
by an eligible or optional employer and has been employed for a period of not less
than one hundred twenty (120) days. "Eligible employee� does not include:
(i) Any employee covered under the federal Railway Labor Act (45 U.S.C. §§ 151—164 and 45 U.S.C §§ 181—188), or any employee engaged in interstate commerce not subject to the legislative powers
of the state, except insofar as application of this chapter is authorized under the
United States Constitution or laws of the United States; or
(ii) Any employee on whose behalf an employer makes contributions to a Taft-Hartley pension
trust fund.
(2) "Eligible employer� means a person or entity engaged in a business, industry, profession,
trade, or other enterprise in the state, whether for-profit or not-for-profit, excluding
the federal government, the state, any municipal corporation, or any of the state's
units or instrumentalities, that has five (5) or more employees and that satisfies
the requirements to establish or participate in a payroll deposit retirement savings
arrangement. "Eligible employer� does not include an employer that provides a tax-qualified
retirement savings program as described in § 35-23-9.
(3) "IRA� means an individual retirement account or individual retirement annuity under
26 U.S.C § 408 or § 408A (the federal Internal Revenue Code).
(4) "Optional employer� means a person or entity engaged in a business, industry, profession,
trade, or other enterprise in the state, whether for-profit or not-for-profit, excluding
the federal government, the state, any municipal corporation, or any of the state's
units or instrumentalities, that has under five (5) employees.
(5) "Participating employer� means an eligible or optional employer that provides a payroll
deposit retirement savings arrangement provided for by this chapter for eligible employees.
(6) "Payroll deposit retirement savings arrangement� means an arrangement by which an
employer allows employees to remit payroll deduction contributions to the RISavers
retirement savings program.
(7) "RISavers retirement savings program� or "program� means a retirement savings program
offered by the Rhode Island secure choice retirement savings program.
(8) "State investment commission� or "commission� means the state investment commission
established pursuant to the provisions of § 35-10-1.