§ 16-17.1-1. Definitions. The following words and phrases as used in this chapter, unless a different meaning is plainly required by the context, have the following meanings: (1) “Average compensation” means the average of the annual contractual or yearly salary of an employee during the five (5) consecutive years of employment when average compensation was […]
§ 16-17.1-2. Membership in a program. (a) All employees including those so employed on May 24, 1967, who have not been active members of the state employees retirement system, upon becoming eligible for membership in a program, shall be required to participate in the program. (b)(1) All employees including those so employed on May 24, […]
§ 16-17.1-3. Optional withdrawal of contributions to retirement system upon participation in another program — Notice. An employee who elects to participate in a program as provided under § 16-17.1-2(b) may further elect to withdraw the total amount of all contributions he or she has made to the state employees retirement system, provided that the […]
§ 16-17.1-4. Continuing membership in retirement system upon participation in another program. An employee who has elected to participate in a program in accordance with the provisions of § 16-17.1-2(b) and who has not withdrawn his or her contribution as provided in § 16-17.1-3 shall continue to be a member of the state employees retirement […]
§ 16-17.1-5. Method of computing benefits under state employees retirement system for employees in a program. Where an employee has elected to participate in a program in accordance with the provisions of § 16-17.1-2(b), only the years of the employee’s service prior to making the election to participate under the program shall be considered as […]
§ 16-17.1-6. Retirement age. An employee, notwithstanding the program he or she elects to participate in, shall not be required to retire at any age less than the maximum age as established in § 36-10-9(b). History of Section.P.L. 1978, ch. 292, § 1; P.L. 1987, ch. 520, § 3.
