2009 Rhode Island Code
Title 16 - Education
CHAPTER 16-16 - Teachers' Retirement
§ 16-16-40.1 - One-time adjustment to original retirement allowance.
SECTION 16-16-40.1
§ 16-16-40.1 One-time adjustment to original retirement allowance. – (a) All teachers and the beneficiaries of teachers who retired during the calendar year 1979 shall receive an additional eight percent (8%) to their original retirement allowance.
(b) All teachers and the beneficiaries of teachers who retired during calendar year 1978 shall receive an additional two percent (2%) added to the base eight percent (8%) paid to the 1979 retirees. Provided, further that an additional two percent (2%) of the retirement allowance shall be paid for each year to a maximum of twenty percent (20%) to those retirees and beneficiaries who retired in calendar year 1973 and prior to 1973 as indicated in the following schedule:
SEE THE BOOK FOR THE PROPER TABLE.
(c) The additional percentage shall be incorporated into the recipient's monthly benefit starting with the payment due on or after July 31, 1986.
(d) The provisions of §§ 45-13-7 through 45-13-10 shall not apply to this section.
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