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RI S2362
Bill
Status
1/30/2026
Primary Sponsor
Susan Sosnowski
Click for details
AI Summary
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Increases monthly minimum survivor benefits for spouses, domestic partners, and former spouses of deceased teachers, with new minimums ranging from $1,025 (for highest annual salary of $17,000 or less) to $1,725 (for salary over $40,001)
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Provides a one-time full cost-of-living adjustment (COLA) of 3.34% for plan year 2026 to eligible teachers, state employees, and municipal employees who retired after July 1, 2012
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Lowers the funded ratio threshold from 80% to 75% for reinstating full benefit adjustments for retirees who retired after July 1, 2012, effective July 1, 2024
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Creates a new Rhode Island personal income tax deduction for public pension benefits received from the Employees Retirement System of Rhode Island
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Takes effect upon passage
Legislative Description
Increases monthly minimum benefit for a spouse, domestic partner, former spouse. Grant a 3.34% COLA for eligible retirees. Provided a modification reducing federal AGI for public pension benefits from the RI employees retirement system.
Education
Last Action
Introduced, referred to Senate Finance
1/30/2026