Rhode Island § 45-21-44 § 45-21-44. Guaranties by municipalities — Adjustment of contribution rates.

Rhode Island Statutes

§ 45-21-44 — § 45-21-44. Guaranties by municipalities — Adjustment of contribution rates.

Rhode Island § 45-21-44

Title 45Towns and cities

Ch. 45-21Retirement of Municipal Employees

This text of Rhode Island § 45-21-44 (§ 45-21-44. Guaranties by municipalities — Adjustment of contribution rates.) 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.

Bluebook

R.I. Gen. Laws § 45-21-44 (2026).

Text

§ 45-21-44. Guaranties by municipalities — Adjustment of contribution rates.
Regular interest requirements, and the maintenance of reserves in accordance with
            the provisions of this chapter, are guaranteed by the respective participating municipalities,
            which guaranty extends only to their proportionate interests in the retirement system
            as determined upon the basis of the liabilities for the several benefits on account
            of the participating members from each municipality. Adjustment shall be made at least
            once every five (5) years, as provided in this chapter, in the applicable contribution
            rates for the municipalities for any regular interest or re

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§ 45-21-44. Guaranties by municipalities — Adjustment of contribution rates.

Regular interest requirements, and the maintenance of reserves in accordance with the provisions of this chapter, are guaranteed by the respective participating municipalities, which guaranty extends only to their proportionate interests in the retirement system as determined upon the basis of the liabilities for the several benefits on account of the participating members from each municipality. Adjustment shall be made at least once every five (5) years, as provided in this chapter, in the applicable contribution rates for the municipalities for any regular interest or reserve requirements, or for any amounts above statutory requirements, as determined by actuarial valuation, in accordance with the provisions of this chapter.