§ 45-45-1 — § 45-45-1. Providence police and fire departments — Retired employees.
This text of Rhode Island § 45-45-1 (§ 45-45-1. Providence police and fire departments — Retired employees.) 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.
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§ 45-45-1. Providence police and fire departments — Retired employees.
All retired Group 2 employees of the city of Providence, as defined in § 45-21-10, and all beneficiaries of Group 2 employees who have retired or are deceased shall, on the first day of January of the year following the date of retirement or death, receive a cost of living retirement adjustment in addition to the retirement allowance, in an amount equal to three percent (3%) of the retirement allowance, not compounded. In each succeeding year thereafter, during the month of January, the retirement allowance shall be increased an additional three percent (3%) of the retirement allowance, not
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Rhode Island § 45-45-1, Counsel Stack Legal Research, https://law.counselstack.com/statute/ri/45-45-1.