(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: Year of Retirement Additional Percentage 1979 8% 1978 10% 1977 12% 1976 14% 1975 16% 1974 18% 1973 20% Years prior to 1973 20% (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.
Rhode Island Legal Code