2009 Rhode Island Code
Title 45 - Towns and cities
CHAPTER 45-21 - Retirement of Municipal Employees
§ 45-21-17 - Service retirement allowance.

SECTION 45-21-17

   § 45-21-17  Service retirement allowance. – (a) Upon retirement from service after January 1, 1969, a member shall receive a retirement allowance which is a life annuity terminable upon death of the annuitant and is an amount is equal to two percent (2%) of final compensation multiplied by the number of years of total service, not to exceed thirty-seven and one-half (37 1/2) years; provided, that every person who has served as a part time elected official of the city of Cranston for a period of ten (10) years, is entitled to receive, upon retirement from that part time service, and not being otherwise regularly employed by the city of Cranston in which that person has served, a service retirement allowance equivalent to fifty percent (50%) of the salary received at the time of retirement by that part time elected official; and, provided, further, that if that person retires after a period of service greater than ten (10) years, the person is entitled to receive an additional service retirement allowance equivalent to five percent (5%) of the salary received at the time of retirement for each whole year of service, in excess of ten (10) years up to a maximum additional allowance equivalent to fifty percent (50%) of the salary received.

   (b) This section also applies to any former part time elected official of the city of Cranston who is presently receiving retirement benefits from the municipal retirement system.

   (c) Every person who serves or has served at least four (4) years as a part time elected official of the city of Cranston may include that person's years of service as a member of the general assembly, and any other credits acquired while serving as a legislator, when computing the person's period of service to the city of Cranston pursuant to the provisions of this section.