reglab/housing_qa huggingface dataset:
RI Gen L § 45-21-36 (2021)
2021 Rhode Island General Laws|Title 45 - Towns and Cities|Chapter 45-21 - Retirement of Municipal Employees|Section 45-21-36 - Clerical and professional assistance - Appropriations and disbursements.

§ 45-21-36. Clerical and professional assistance — Appropriations and disbursements.(a) The general treasurer, under the direction and supervision of the retirement board, is charged with the establishment and maintenance of any accounts and statistical records that the retirement board may require, and he or she shall employ any clerical assistance necessary to carry out properly the provisions of chapters 21 and 21.2 of this title. The retirement board shall secure the services of an actuary to be the actuarial advisor of the board and who shall make the actuarial computations and valuations required by chapters 21 and 21.2 of this title. The retirement board shall secure the services of any physicians that are necessary to make the medical examinations required by chapters 21 and 21.2 of this title. The state controller is hereby authorized and directed to draw his or her orders upon the general treasurer for the payment of a sum or sums that may from time to time be necessary, upon receipt by him or her of vouchers prepared and duly authenticated by the chief of the retirement system.(b) Any negotiated agreement entered into after June 1, 1992 between any state or municipal agency or department and an employee or employees, whose conditions are contrary to the general laws or the rules and regulations and policies as adopted and promulgated by the retirement board, are null and void unless and until approved by formal action of the retirement board, for good cause shown.History of Section.P.L. 1951, ch. 2784, § 11; G.L. 1956, § 45-21-36; P.L. 1981, ch. 11, § 1; P.L. 1991, ch. 354, § 7; P.L. 1992, ch. 306, art. 3, § 2.
RI Gen L § 45-21-37 (2021)
2021 Rhode Island General Laws|Title 45 - Towns and Cities|Chapter 45-21 - Retirement of Municipal Employees|Section 45-21-37 - Vouchers for payment of benefits.

§ 45-21-37. Vouchers for payment of benefits.All benefits, allowances and other payments authorized by this chapter shall be made upon vouchers duly approved by the chairperson of the retirement board and countersigned by the chief of the retirement system.History of Section.P.L. 1951, ch. 2784, § 11; G.L. 1956, § 45-21-37.
RI Gen L § 45-21-38 (2021)
2021 Rhode Island General Laws|Title 45 - Towns and Cities|Chapter 45-21 - Retirement of Municipal Employees|Section 45-21-38 - Receipt of contributions - Investment of funds.

§ 45-21-38. Receipt of contributions — Investment of funds.All contributions received by the retirement system from members and participating municipalities shall be paid periodically to the general treasurer and shall be deposited by the treasurer to the credit of the retirement system. All moneys not immediately required for the payment of retirement allowances or other benefits under the provisions of this chapter may be invested by the state investment commission under the provisions of chapter 10 of title 35. The retirement board has full power with respect to the disposition of the proceeds of the investments and of any moneys belonging to the retirement system.History of Section.P.L. 1951, ch. 2784, § 12; G.L. 1956, § 45-21-38.
RI Gen L § 45-21-39 (2021)
2021 Rhode Island General Laws|Title 45 - Towns and Cities|Chapter 45-21 - Retirement of Municipal Employees|Section 45-21-39 - Credit of interest.

§ 45-21-39. Credit of interest.The retirement board shall annually allow regular interest, as may be prescribed by the retirement board, on the various reserves of the retirement system from the interest and dividends earned from investments.History of Section.P.L. 1951, ch. 2784, § 12; G.L. 1956, § 45-21-39; P.L. 1966, ch. 81, § 1.
RI Gen L § 45-21-40 (2021)
2021 Rhode Island General Laws|Title 45 - Towns and Cities|Chapter 45-21 - Retirement of Municipal Employees|Section 45-21-40 - Improper interest in investments of board.

§ 45-21-40. Improper interest in investments of board.Except as provided in this section, no member of the board and no employee of the board shall have any interest, direct or indirect, in the gains or profits of any investment made by the retirement board, nor, as a member or employee of the board, directly or indirectly receive any pay or emolument for his or her services. No member of the board or employee of the board shall, directly or indirectly, for himself or herself or as an agent, in any manner use the investment gains or profits, except to make current and necessary payments that are authorized by the retirement board. No member or employee of the board may become an endorser or surety or become in any manner an obligor for moneys loaned or borrowed from the retirement board.History of Section.P.L. 1951, ch. 2784, § 12; G.L. 1956, § 45-21-40; P.L. 1981, ch. 11, § 1; P.L. 1991, ch. 354, § 7.
RI Gen L § 45-21-41 (2021)
2021 Rhode Island General Laws|Title 45 - Towns and Cities|Chapter 45-21 - Retirement of Municipal Employees|Section 45-21-41 - Members' contributions - Payroll deductions - Certification to board.

§ 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.
RI Gen L § 45-21-41.1 (2021)
2021 Rhode Island General Laws|Title 45 - Towns and Cities|Chapter 45-21 - Retirement of Municipal Employees|Section 45-21-41.1 - Municipality payment of member contributions.

§ 45-21-41.1. Municipality payment of member contributions.(a) Each municipality, pursuant to the provisions of 26 U.S.C. § 414(h)(2) of the United States Internal Revenue Code, may, pursuant to appropriate legal action by the municipality, pick up and pay the contributions which would be payable by the employees as members under § 45-21-41. The contributions so picked up shall be treated as employer contributions in determining tax treatment under the United States Internal Revenue Code; however, each municipality shall continue to withhold federal and state income taxes based upon these contributions until the Internal Revenue Service rules that pursuant to 26 U.S.C. § 414(h)(2) of the United States Internal Revenue Code, these contributions shall not be included as gross income of the employee until the time they are distributed. Employee contributions which are picked up pursuant to this section shall be treated and identified as member contributions for all purposes of the retirement system except as specifically provided to the contrary in this section.(b) Member contributions picked up by a municipality shall be paid from the same source of funds used for the payment of compensation to a member. A deduction shall be made from a member's compensation equal to the amount of the employee's contributions picked up by the employee's municipal employer. This deduction, however, shall not reduce the employee's compensation for purposes of computing benefits under the retirement system pursuant to this chapter. Picked up contributions shall be submitted to the retirement system in accordance with the provisions of § 45-21-41 on the date contributions are withheld but no later than three (3) business days following the pay period ending in which contributions were withheld.(c) Every employer is required to deduct and withhold member contributions and to transmit same to the retirement system and is hereby made liable for the contribution. In addition, any amount of employee contributions actually deducted and withheld shall be deemed to be a special fund in trust for the benefit of the member and shall be transmitted to the retirement system as set forth herein.(d) The liability of an employer who fails to segregate the trust funds, or refuses to deduct and withhold member contributions from its employees, is enforceable by the retirement board through an appropriate action in the superior court. The general treasurer is also authorized to deduct the amount due from any money due the employer from the state.History of Section.P.L. 1983, ch. 137, § 4; P.L. 2019, ch. 205, § 9; P.L. 2019, ch. 271, § 9.
RI Gen L § 45-21-42 (2021)
2021 Rhode Island General Laws|Title 45 - Towns and Cities|Chapter 45-21 - Retirement of Municipal Employees|Section 45-21-42 - Contributions by municipalities.

§ 45-21-42. Contributions by municipalities.(a) Each municipality shall make contributions to the system to provide for the remainder of the obligation for retirement allowances, annuities, and other benefits provided in this chapter, after applying the accumulated contributions of the members, interest income on investments of the system, and other income accruing to the system. These contributions shall, in any event, be sufficient to establish and maintain a reserve equal to the sum of:(1) The full credits for accumulated contributions in the "members' contribution reserve" described in § 45-21-43;(2) The present value, determined in accordance with the actuarial tables in use by the system, of the retirement allowances, disability allowances, accidental death benefits, and other benefits in force, chargeable to the "retirement reserve" described in § 45-21-43; and(3) The present value of deferred annuities to members who have acquired a vested right under the provisions of § 45-21-18.(b) The rate of contribution on the part of each municipality, to meet its obligations under this chapter, is the rate certified by the retirement board at the date of participation of the municipality. The rate is redetermined at least once every five (5) years and certified by the retirement board, upon recommendation of the actuary, following an evaluation and analysis of the operating experience of the system and of the assets, liabilities, and reserves of the system. Nothing contained in this chapter is deemed to impose any obligation upon any municipality for service which may have been rendered by an employee of one municipality in behalf of another municipality.(c) In case of failure of any city or town to pay to the state the amounts due from it under this title within the time prescribed, the general treasurer is hereby authorized to deduct that amount from any moneys due the city or town from the state for any purpose other than for education.(d) Notwithstanding any other provisions of the general laws, the payment of the contributions for the employers' share shall be remitted to the retirement board on the date contributions are withheld but no later than three (3) business days following the pay period ending in which contributions were withheld.(e) This section is not subject to §§ 45-13-7 — 45-13-10, as amended.History of Section.P.L. 1951, ch. 2784, § 13; G.L. 1956, § 45-21-42; R.P.L. 1957, ch. 135, § 4; P.L. 1959, ch. 23, § 7; P.L. 1965, ch. 236, § 1; P.L. 1981, ch. 337, § 1; P.L. 1988, ch. 509, § 3; P.L. 2019, ch. 205, § 9; P.L. 2019, ch. 271, § 9.
RI Gen L § 45-21-42.1 (2021)
2021 Rhode Island General Laws|Title 45 - Towns and Cities|Chapter 45-21 - Retirement of Municipal Employees|Section 45-21-42.1 - Payment of administrative expenses of the retirement board and maintaining the retirement system - Restricted receipt account.

§ 45-21-42.1. Payment of administrative expenses of the retirement board and maintaining the retirement system — Restricted receipt account.There is transferred to the restricted receipt account established in § 36-8-10.1 up to a maximum of seventeen and one-half (17.5) basis points (0.175%), where one hundred (100.0) basis points equals one percent (1.0%), of the average total investments before lending activities of the municipal employees' retirement system of the state of Rhode Island as reported in the annual report of the auditor general for the next preceding five fiscal years.History of Section.P.L. 1985, ch. 181, art. 7, § 2; P.L. 1986, ch. 287, art. 10, § 2; P.L. 2003, ch. 376, art. 25, § 2.
RI Gen L § 45-21-42.2 (2021)
2021 Rhode Island General Laws|Title 45 - Towns and Cities|Chapter 45-21 - Retirement of Municipal Employees|Section 45-21-42.2 - Fiscal impact of proposed legislation impacting the retirement system.

§ 45-21-42.2. Fiscal impact of proposed legislation impacting the retirement system.Proposed legislation which directly impacts the retirement system can potentially affect the benefits of all plan participants and beneficiaries. Since it is in the best interests of plan participants and beneficiaries to determine the financial consequences of any proposed legislation which would directly impact the liability to the retirement system of participating municipalities, such legislation shall not be approved by the general assembly unless an explanatory statement or note, prepared and paid for by the retirement system, is appended to the proposed legislation which actuarially calculates, based upon approved retirement board assumptions, the projected twenty (20) year cost of the proposed legislation. These statements or notes shall be known as "pension impact notes," and they shall accompany each such bill or resolution prior to consideration by the chamber in which the bill or resolution originated. The reasonable cost of preparing pension impact notes shall be charged as an administrative expense and paid from the retirement system's restricted receipts account established pursuant to § 36-8-10.1. Only the chair of the senate committee on finance with the approval of the president of the senate can request a pension impact note on proposed legislation that originates in the senate. Only the chair of the house committee on finance with the approval of the speaker of the house can request a pension impact note on proposed legislation that originates in the house. The governor can request a pension impact note on proposed legislation recommended in the appropriation acts required by §§ 35-3-7 or 35-3-8. This section shall be in addition to the requirements of chapter 12 of title 22. If one or more participating municipalities requests an actuarial study or other study that impacts only the liability of the participating municipality making the request, the participating municipality making the request shall pay any and all costs associated with the preparation of the study or report.History of Section.P.L. 2008, ch. 100, art. 23, § 3.
RI Gen L § 45-21-43.1 (2021)
2021 Rhode Island General Laws|Title 45 - Towns and Cities|Chapter 45-21 - Retirement of Municipal Employees|Section 45-21-43.1 - Actuarial cost method.

§ 45-21-43.1. Actuarial cost method.(a) To determine the employer contribution rate for any participating municipality, the actuary shall compute the costs under chapters 21 and 21.2 of title 45 using the entry age normal cost method.(b) The determination of the employer contribution rate for fiscal year 2013 shall include a re-amortization of the unfunded actuarial accrued liability (UAAL) over a closed twenty-five (25) year period. After an initial period of five (5) years, future actuarial gains and losses occurring within a plan year will be amortized over individual new twenty (20) year closed periods.(c) The determination of the employer contribution rate commencing with fiscal year 2017 shall include a re-amortization of the current unfunded actuarial accrued liability as of June 30, 2014, over a closed twenty-five (25) year period. Future actuarial gains and losses occurring within a plan year will be amortized over individual new twenty (20) year closed periods. Employers shall have the one-time option before August 1, 2015, to remain under the amortization schedule set forth in subsection (b) above.History of Section.P.L. 2015, ch. 141, art. 21, § 20.
RI Gen L § 45-21-44 (2021)
2021 Rhode Island General Laws|Title 45 - Towns and Cities|Chapter 45-21 - Retirement of Municipal Employees|Section 45-21-44 - Guaranties by municipalities - Adjustment of contribution rates.

§ 45-21-44. Guaranties by municipalities — Adjustment of contribution rates.Regular interest requirements, and the maintenance of reserves in accordance with the provisions of this chapter, are guaranteed by the respective participating municipalities, which guaranty extends only to their proportionate interests in the retirement system as determined upon the basis of the liabilities for the several benefits on account of the participating members from each municipality. Adjustment shall be made at least once every five (5) years, as provided in this chapter, in the applicable contribution rates for the municipalities for any regular interest or reserve requirements, or for any amounts above statutory requirements, as determined by actuarial valuation, in accordance with the provisions of this chapter.History of Section.P.L. 1951, ch. 2784, § 15; G.L. 1956, § 45-21-44.
RI Gen L § 45-21-45 (2021)
2021 Rhode Island General Laws|Title 45 - Towns and Cities|Chapter 45-21 - Retirement of Municipal Employees|Section 45-21-45 - Tax exemption.

§ 45-21-45. Tax exemption.The right of a member or beneficiary to a pension, an annuity, a retirement allowance, to the return of contributions, any benefit or right accrued or accruing to any person under the provisions of this chapter, and the moneys of the retirement system created under this chapter, are exempt from any municipal tax or state tax except for the personal income tax imposed under the provisions of chapter 30 of title 44.History of Section.P.L. 1951, ch. 2784, § 16; G.L. 1956, § 45-21-45; P.L. 1985, ch. 496, art. 4, § 1.
RI Gen L § 45-21-46 (2021)
2021 Rhode Island General Laws|Title 45 - Towns and Cities|Chapter 45-21 - Retirement of Municipal Employees|Section 45-21-46 - Forfeiture for fraudulent claims.

§ 45-21-46. Forfeiture for fraudulent claims.Every person who knowingly or willfully makes or presents or in any way procures the making or presentation of any false or fraudulent affidavit or affirmation concerning any claim for retirement allowance or payment of retirement allowance, shall, in every case, forfeit a sum not exceeding ten thousand dollars ($10,000), to be sued and recovered by and in the name of the retirement board, and when recovered paid over to and become a part of the funds of the retirement system.History of Section.P.L. 1951, ch. 2784, § 17; G.L. 1956, § 45-21-46; P.L. 1989, ch. 474, § 2; P.L. 2009, ch. 310, § 49; P.L. 2011, ch. 408, § 11; P.L. 2011, ch. 409, § 11.
RI Gen L § 45-21-47 (2021)
2021 Rhode Island General Laws|Title 45 - Towns and Cities|Chapter 45-21 - Retirement of Municipal Employees|Section 45-21-47 - Reserved power to amend or repeal - Vested rights.

§ 45-21-47. Reserved power to amend or repeal — Vested rights.The right to amend, alter, or repeal this chapter at any time or from time to time is expressly reserved, and in that event the liability of the municipal employees' retirement system is limited in the case of a member or a person claiming through the member to the contributions made by the member, without interest, and in the case of a municipality, to contributions made by the municipality without interest, subject to deductions prescribed in the case of withdrawal by a municipality as provided in § 45-21-6. All retirement allowances or other benefits granted by the retirement of members, and in force prior to a repeal or amendment, are vested in the beneficiaries of the retirement allowances and shall be paid in full in accordance with the terms of this chapter, and the rights of the retirement board to compel the payment by any municipality of the sum or sums necessary to provide the retirement allowances granted to members formerly employed by the municipality shall not be affected by the repeal or amendment.History of Section.P.L. 1951, ch. 2784, § 18; G.L. 1956, § 45-21-47.
RI Gen L § 45-21-48 - 45-21-50 (2021)
2021 Rhode Island General Laws|Title 45 - Towns and Cities|Chapter 45-21 - Retirement of Municipal Employees|Section 45-21-48 - 45-21-50 - Repealed.

§ 45-21-48 — 45-21-50. Repealed.
RI Gen L § 45-21-51 (2021)
2021 Rhode Island General Laws|Title 45 - Towns and Cities|Chapter 45-21 - Retirement of Municipal Employees|Section 45-21-51 - Persons eligible for optional benefits - Time of election - Modification or revocation - Effective date.

§ 45-21-51. Persons eligible for optional benefits — Time of election — Modification or revocation — Effective date.(a) The optional provisions of § 45-21-30 are applicable only to a member applying for a service retirement allowance and an accidental disability retirement allowance and an ordinary disability retirement allowance or any inactive member applying for retirement under vested rights. The election under option 1 or 2 is made at the time of retirement of the member as part of his or her application for a retirement allowance. The election is based upon the amount of retirement allowances that may accrue at the date of death of the member, and may be revoked or modified by the member at any time after retirement on a form prescribed by the retirement board, provided that during this time, the named beneficiary has not been divorced from the member or entered into a domestic partnership. The option in the case of death of a retired member becomes effective on the next day following the death of the member and payment of benefits made in accordance with the provisions of this section, subject to the limitations prescribed in § 45-21-30; provided, further, that this section does not apply to anyone who elects the social security supplemental option as provided by § 45-21-17.2.(b) This section is exempt from the provisions of §§ 45-13-6 — 45-13-10.History of Section.G.L. 1956, § 45-21-51; P.L. 1967, ch. 204, § 1; P.L. 1980, ch. 55, §§ 1, 2; P.L. 1982, ch. 98, § 1; P.L. 1986, ch. 495, § 1; P.L. 1987, ch. 597, § 1; P.L. 1988, ch. 511, § 3; P.L. 1996, ch. 233, § 2; P.L. 2007, ch. 510, § 16.