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RI S2374
Bill
Status
1/30/2026
Primary Sponsor
Walter Felag
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AI Summary
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Changes the eligibility date for the more favorable 3-year average compensation calculation from July 1, 2024 back to July 1, 2012 for state employees and teachers in the retirement system
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Applies the same date change to municipal employees, allowing those eligible to retire on or after July 1, 2012 to use their highest 3 consecutive years of compensation instead of 5 years
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Members eligible to retire before October 1, 2009 continue using the highest 3 consecutive years; those eligible between October 1, 2009 and June 30, 2012 use the highest 5 consecutive years
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Special rules remain for part-time workers (less than 30 hours/week) who transition to full-time, requiring 10 consecutive years for average compensation unless their average is $35,000 or less (indexed annually)
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Takes effect immediately upon passage
Legislative Description
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.
Public Officers And Employees
Last Action
Introduced, referred to Senate Finance
1/30/2026