Commencing on 7/1/2026, allows members, state and municipal employees to retire when they have at least 28 years of active service and their retirement age, when combined with the number of their years of service reaches, the number 85.
Provides that retirees in the state pension system receive cost of living adjustments compounded into the retiree’s total retirement benefits each year beginning January 1, 2026. This act would be prospective only.
Maddy summarySB 2446 adds probation and parole officers to the list of state law enforcement professionals eligible for retirement benefits under Rhode Island's retirement system. This change, effective January 1, 2027, ensures these officers receive the same retirement benefits as existing groups like deputy sheriffs and firefighters. The bill amends specific retirement statutes to include probation and parole officers in the defined category of eligible employees. Service credits earned before 2027 will follow the retirement rules in place before the change.
Gives teachers who takes an unpaid parental or medical leave during the year credit for a year of service for that school year if they served a minimum of 135 days.
Changes the teacher and state employees' retirement benefit calculations' cutoff date from July 1, 2024, to July 1, 2009, for all retirement members eligible to and who retire on or after the new July 1, 2009, cutoff date.
Authorizes an annual two and one-half percent (2.5%) escalation for all active and retired police and firefighter's retirement pension allowance, compounded each year on January 1 following the year of retirement and continuing yearly, on that date.
Maddy summarySB 2027 adjusts compensation limits for retired teachers returning to work in specific educational roles. It maintains a $15,000 annual pay cap for retired teachers providing driver education instruction (as specified in subsection d)(3)), while establishing a separate $25,000 annual cap for retired teachers teaching general classroom instruction at state colleges/universities (subsection d)(2)). The bill directly affects retired educators certified in driver education or classroom teaching who return to part-time work. Key provisions require no reduction of retirement benefits during such employment, prohibit additional service credits, and mandate monthly reporting to the retirement board. The change does not alter existing retirement benefits but sets clear annual pay limits for these specific post-retirement roles.
Maddy summarySB 2090 changes retirement benefit calculations for police officers and firefighters employed by towns and cities. Starting July 1, 2026, their retirement allowance will be based on their accrued benefit as of June 30, 2026, plus 2.5% of their final compensation for each year of service after that date. Retirees who are 57 with at least 30 years of service will continue using the previous formula until 2026 and then switch to the new calculation for service after that date. The bill preserves existing options for how benefits are paid to survivors after retirement.
Affords an option for police and firefighters to receive retirement allowances, without reduction, who seek retirement after twenty (20) years of service, upon reaching age fifty-seven (57).
Changes the teacher and state employees' retirement benefit calculations' cutoff date from July 1, 2024, to July 1, 2012, for all retirement members eligible to and who retire on or after the new July 1, 2012, cutoff date.
