Rhode Island § 45-45-1 § 45-45-1. Providence police and fire departments — Retired employees.

Rhode Island Statutes

§ 45-45-1 — § 45-45-1. Providence police and fire departments — Retired employees.

Rhode Island·Title 45 Towns and cities·Ch. 45-45 Cost of Living Adjustments

§ 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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§ 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 compounded, to be continued during the lifetime of that employee or beneficiary.

Rhode Island § 45-45-1 (§ 45-45-1. Providence police and fire departments — Retired employees.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.