§16-16-32  Refund On Retirement. –


Published: 2015

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TITLE 16

Education

CHAPTER 16-16

Teachers' Retirement [See Title 16 Chapter 97 – The Rhode Island

Board of Education Act]

SECTION 16-16-32



   § 16-16-32  Refund on retirement. –

A member at the date of retirement in lieu of the survivors benefits provided

in §§ 16-16-25 – 16-16-38 may elect to receive a lump sum

payment equal to his or her contributions to the teachers' survivors benefit

fund, plus interest. Any member who retired prior to the effective date of this

legislation shall have one hundred twenty (120) days from the effective date of

this legislation to elect to receive a lump sum payment equal to his or her

contributions to the teachers' survivors benefit fund, plus interest. Interest

is to be calculated and payable only up to the date of retirement.



History of Section.

(P.L. 1962, ch. 212, § 3; P.L. 1974, ch. 254, § 1; P.L. 1996, ch.

295, § 1; P.L. 2004, ch. 551, § 1.)