§ 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 of each member entering the system and any other assets of the Central Falls plan.
(b) Beginning January 1, 2020, all appropriations made pursuant to § 45-21-67 shall be appropriated to the system and disbursed by the system in accordance with § 45-21-67.
History of Section.
P.L. 2019, ch. 272, § 3; P.L. 2019, ch. 277, § 3.