2014 Rhode Island General Laws
Title 36 - Public Officers and Employees
Chapter 36-10 - Retirement System–Contributions and Benefits
Section 36-10-4 - Credits and charges to contingent reserve account.
§ 36-10-4 Credits and charges to contingent reserve account. – The amounts credited by the system to the annuity reserve fund and pension accumulation fund prior to July 1, 1947, shall be transferred on that date to a contingent reserve account. All appropriations by the state and all other income of the system except member contributions shall be credited to the contingent reserve account. The annuity savings account of any member of the system who shall be granted an annuity, benefit, or retirement allowance under the provisions of this chapter shall be transferred to the contingent reserve account, and all payments on account of any annuity, benefit, or retirement allowance shall be charged thereto. Any excess remaining in the contingent reserve account at the end of any fiscal year after payments for the year shall have been charged to the account shall be considered as a contingent reserve to meet the future liabilities of the system.
History of Section.
(G.L. 1938, ch. 18, § 5; P.L. 1947, ch. 1971, § 3; G.L. 1956, § 36-10-4.)
Disclaimer: These codes may not be the most recent version. Rhode Island may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
