§ 36-9-26 — § 36-9-26. Credits for layoffs.
This text of Rhode Island § 36-9-26 (§ 36-9-26. Credits for layoffs.) is published on Counsel Stack Legal Research, covering Rhode Island primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Text
§ 36-9-26. Credits for layoffs.
(a) Members who are laid off for any reason and are not on leave without pay may purchase up to one years' credit for retirement purposes; provided the member did not withdraw his or her retirement contributions while on layoff, and returns to active membership; provided, further, that the member purchases that credit upon his or her return to service from the layoff and pays into the retirement system the full actuarial cost as defined in § 36-8-1(10).
(b) The retirement board shall fix and determine rules and regulations to govern the provisions of this section.
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Rhode Island § 36-9-26, Counsel Stack Legal Research, https://law.counselstack.com/statute/ri/36-9-26.