TITLE 45
Towns and cities
CHAPTER 45-21
Retirement of Municipal Employees
SECTION 45-21-41
§ 45-21-41 Members' contributions
Payroll deductions Certification to board.
(a) Prior to July 1, 2012, each member shall contribute an amount equal to six
percent (6%) of salary or compensation earned and accruing to the member;
provided, that contributions by any member cease when the member has completed
the maximum amount of service credit attainable. Special compensation for
additional fees shall not be considered as compensation for contribution
purposes. Effective July 1, 2012, each member shall contribute an amount equal
to one percent (1%) of his or her compensation as his or her share of the cost.
Effective July 1, 2015, each member with twenty (20) or more years of total
service as of June 30, 2012 shall contribute an amount equal to eight and
one-quarter percent (8.25%) of compensation.
(b) Each municipality shall deduct the previously stated rate
from the compensation of each member on each and every payroll of the
municipality, and the deduction made during the entire time a member is in
service subject to termination as stated in the foregoing paragraph.
(c) The deductions provided for in this section shall be made
notwithstanding that the minimum compensation provided for by law for any
member is reduced by the compensation. Every member is deemed to consent and
agree to the deductions made and provided for in this section, and shall
receipt for his or her full salary or compensation; and payment of salary or
compensation less those deductions are a full and complete discharge and
acquittance of all claims and demands for the services rendered by the person
during the period covered by the payment except as to the benefits provided
under this chapter. Each participating municipality shall certify to the
retirement board the amounts deducted from the compensation of members. Each of
the amounts, when deducted, shall be credited to an individual account of the
member from whose compensation the deduction was made.
History of Section.
(P.L. 1951, ch. 2784, § 13; G.L. 1956, § 45-21-41; R.P.L. 1957, ch.
135, § 4; P.L. 1959, ch. 23, § 7; P.L. 1963, ch. 212, § 3; P.L.
1965, ch. 230, § 1; P.L. 1971, ch. 244, § 1; P.L. 2011, ch. 408,
§ 11; P.L. 2011, ch. 409, § 11; P.L. 2015, ch. 141, art. 21, §
18.)
