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§36-10-35.1  One time adjustment to original retirement allowances. –


Published: 2015

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TITLE 36

Public Officers and Employees

CHAPTER 36-10

Retirement System–Contributions and Benefits

SECTION 36-10-35.1



   § 36-10-35.1  One time adjustment to

original retirement allowances. –

(a) All state employees and the beneficiaries of state employees who retired

during calendar year 1979 shall receive an additional eight percent (8%) to

their original retirement allowances.



   (b) All state employees and the beneficiaries of state

employees who retired during calender year 1979 shall receive an additional two

percent (2%) added to the base eight percent (8%) paid to the 1979 retirees.

Provided, further, that an additional two percent (2%) of the retirement

allowance shall be paid for each year to a maximum of twenty percent (20%) to

those retirees and beneficiaries who retired in calendar year 1973, and prior

to 1973, as indicated in the following schedule:



   SEE THE BOOK FOR THE PROPER TABLE.



   (c) The additional percentage shall be incorporated into the

recipient's monthly benefit starting with the payment due on or after July 31,

1986. Provided further, that the new 1986 pro rated payment shall be the base

for any subsequent cost of living adjustment payments.



   (d) The provisions of §§ 45-13-7 – 45-13-10

shall not apply to this section.



History of Section.

(P.L. 1986, ch. 482, § 4.)