2009 Rhode Island Code
Title 45 - Towns and cities
CHAPTER 45-21.2 - Optional Retirement for Members of Police Force and Fire Fighters
§ 45-21.2-6.3 - Richmond police department – Retirement allowance.
SECTION 45-21.2-6.3
§ 45-21.2-6.3 Richmond police department – Retirement allowance. – Upon retirement from service pursuant to chapter 45-21.2-5, a member of the Richmond police department shall receive a retirement allowance which shall be terminable at the death of the annuitant, and shall be an amount equal to the sum of two and two thousand seven hundred twenty-seven ten thousandths of a percent (2.2727%) of final compensation (average of final three years' salary) multiplied by the years of service. The annual retirement allowance in no event shall exceed seventy-five percent (75%) of final compensation.
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