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RI S2102
Bill
Status
1/16/2026
Primary Sponsor
Matthew LaMountain
Click for details
AI Summary
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Effective July 1, 2027, police officers and firefighters who have reached age 57 with at least 20 years of service may retire without any reduction to their retirement allowance
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Currently, members retiring before their eligible retirement age face actuarial reductions ranging from 7% to 9% per year for up to 5 years preceding their eligible retirement date
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The new provision eliminates the early retirement penalty for qualifying members, bypassing the existing reduction schedule that applies when retiring before the standard eligibility requirements
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Amends Section 45-21.2-5 of Rhode Island General Laws governing optional retirement for municipal police and firefighters
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Takes effect immediately upon passage
Legislative Description
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).
Towns And Cities
Last Action
Introduced, referred to Senate Finance
1/16/2026