Rhode Island § 36-9-26 § 36-9-26. Credits for layoffs.

Rhode Island Statutes

§ 36-9-26 — § 36-9-26. Credits for layoffs.

Rhode Island·Title 36 Public Officers and Employees·Ch. 36-9 Retirement System â€” Membership and Service Credits

§ 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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§ 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.

Rhode Island § 36-9-26 (§ 36-9-26. Credits for layoffs.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

P.L. 1983, ch. 313, § 1; P.L. 1988, ch. 520, § 1; P.L. 1989, ch. 474, § 1; P.L. 2009, ch. 68, art. 7, § 2; P.L. 2011, ch. 408, § 6; P.L. 2011, ch. 409, § 6.