Section 36-12.2-1. – Medicare enrollment.
§ 36-12.2-1. Medicare enrollment. As a condition of receiving or continuing to receive access to post-employment benefits offered by the state, anyone entitled to this benefit shall enroll in Medicare as soon as he or she is eligible, notwithstanding the provisions of any other general law or public law to the contrary. History of Section.P.L. […]
Section 36-13-1. – Deferred compensation plans authorized.
§ 36-13-1. Deferred compensation plans authorized. (a) The state or any city, town, or other political subdivision may, by contract, agree with any employee to defer, in whole or in part, any portion of that employee’s compensation, and may subsequently contract with financial institutions for the purchase of government securities or with other financial entities […]
Section 36-13-1.1. – State investment commission.
§ 36-13-1.1. State investment commission. The state investment commission shall, from time to time, select the financial institutions and/or entities in which the state shall invest the funds under the deferred compensation plan for state employees. History of Section.P.L. 1995, ch. 182, § 2; P.L. 1995, ch. 225, § 2.
Section 36-13-2. – Entering into agreements.
§ 36-13-2. Entering into agreements. The chief administrative officer of any city or town or director of administration of the state of Rhode Island is hereby authorized to enter into contractual agreements with employees of that particular state agency, department, board, commission, or institution on behalf of the state to defer any portion of that […]
Section 36-13-3. – Administration of program.
§ 36-13-3. Administration of program. The administration of the deferred compensation program within each state agency, department, board, commission, or institution shall be under the direction of the director or principal officer of that particular agency, department, board, commission, or institution. Each city, town, or other political subdivision shall designate an officer to administer the […]
Section 36-13-4. – “Employee” defined.
§ 36-13-4. “Employee” defined. For the purposes of this chapter, “employee” means any person, whether appointed, elected or under contract, providing services for the state, county, city, town, or other political subdivision, for which compensation is paid. History of Section.P.L. 1975, ch. 34, § 1.
Section 36-12.1-19. – State contributions.
§ 36-12.1-19. State contributions. (a) The State of Rhode Island shall make its contribution for the maintenance of the system, including the proper and timely payment of benefits, by annually appropriating an amount equal to a percentage of the total compensation paid to the active membership and teacher payroll base. The percentage shall be computed […]
Section 36-12.1-20. – Establishment of OPEB trust funds.
§ 36-12.1-20. Establishment of OPEB trust funds. The OPEB Board shall establish one or more trust funds and/or sub trusts to hold the assets of the OPEB System, to be known as the Rhode Island OPEB System Trust. Title and legal ownership of all assets of the OPEB System shall be in the name of […]
Section 36-12.1-21. – Custody and investment of funds.
§ 36-12.1-21. Custody and investment of funds. (a) All money immediately required for the payment of OPEB Benefits shall be invested only in accordance with the written objectives and guidelines established by the state investment commission pursuant to the provisions of chapter 10 of title 35 and other applicable law. (b) All money not immediately […]
Section 36-12.1-22. – Disposition of investment earnings.
§ 36-12.1-22. Disposition of investment earnings. The OPEB Board shall credit all earned investment income from interest and dividends on investments and bank deposits during any fiscal year to the Rhode Island OPEB System Trust. History of Section.P.L. 2008, ch. 9, art. 4, § 3.