TITLE 16

Education

CHAPTER 16-16

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

Board of Education Act]

SECTION 16-16-40.1



   § 16-16-40.1  One-time adjustment to

original retirement allowance. –

(a) All teachers and the beneficiaries of teachers who retired during the

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

original retirement allowance.



   (b) All teachers and the beneficiaries of teachers who

retired during calendar year 1978 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.



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

shall not apply to this section.



History of Section.

(P.L. 1986, ch. 482, § 3.)