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RI S2842

Bill

Official Source

Status

Introduced

3/4/2026

Primary Sponsor

Brian Thompson

Click for details

Origin

Senate

2026 Regular Session

AI Summary

  • Introduces a new "Rule of 85" retirement eligibility option for teachers, state employees, and municipal employees beginning July 1, 2026
  • Members with at least 28 years of total service may retire when their age plus years of service equals 85
  • Applies to three retirement systems: Teachers' Retirement (§16-16-12), State Employees' Retirement (§36-10-9), and Municipal Employees' Retirement (§45-21-16)
  • The Rule of 85 option serves as an alternative pathway, with members eligible to retire at whichever date comes earlier—the Rule of 85 threshold or their existing retirement eligibility date under current law
  • Takes effect upon passage

Legislative Description

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.

Education

Last Action

Introduced, referred to Senate Finance

3/4/2026

Committee Referrals

Finance3/4/2026

Full Bill Text

No bill text available