§ 45-21.4-1. Legislative findings. The general assembly finds and declares the following: (1) All Rhode Islanders deserve retirement security, including those who have spent their careers serving their communities as first responders and municipal employees; and (2) The city of Central Falls has shown great resilience in emerging from bankruptcy and thriving economically and culturally […]
§ 45-21.4-2. Alternative acceptance by the city of Central Falls of optional retirement for police and firefighters. (a) The provisions of this section shall apply only to locally administered plans within the city of Central Falls hereinafter referred collectively as the “Central Falls plan.” (b) On or after July 16, 2019, Central Falls may accept […]
§ 45-21.4-3. Retiree participation in optional requirement plan. (a) The provisions of this section shall apply only to locally administered plans within the city of Central Falls. (b) Notwithstanding any provision of this chapter to the contrary, on or before August 31, 2019, Central Falls may accept the provisions of this chapter by an ordinance […]
§ 45-21.4-4. Transfer of assets. (a) Subject to the provisions of §§ 45-21.4-2(b) and 45-21.4-3(b) being met, on December 31, 2019, the system shall be responsible for administering the Central Falls plan, including the administration of any supplemental payments as provided in § 45-21-67, and Central Falls shall transfer to the system the accumulated contributions […]
