TITLE 36
Public Officers and Employees
CHAPTER 36-10
Retirement SystemContributions 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.)
