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.)