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RI H7443
Bill
Status
1/30/2026
Primary Sponsor
William O'Brien
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AI Summary
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Establishes a 2.5% annual cost-of-living adjustment (COLA) for pension payments for all active and retired municipal police officers and firefighters in Rhode Island
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COLA compounds each year on January 1 following the year of retirement and continues annually thereafter
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Applies to both current retirees receiving benefits and active members who will retire in the future, as well as beneficiaries receiving any retirement allowance
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Overrides previous restrictions in existing law (§ 45-21-52(c)) that limited benefit adjustments for service after July 1, 2012
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Takes effect immediately upon passage
Legislative Description
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.
Towns And Cities
Last Action
Introduced, referred to House Municipal Government & Housing
1/30/2026