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Rhode Island General Laws Title 45. Towns and Cities § 45-21-60. Pensioners and beneficiaries of Plan No. 3023--Town of North Kingstown

Current as of January 01, 2022 | Updated by FindLaw Staff

(a) All municipal retirees of the town of North Kingstown and the beneficiaries of municipal retirees of the town of North Kingstown are given a one-time percentage increase to their original retirement benefit in multiples of two percent (2%) as follows up to a maximum of twenty percent (20%).

YEAR OF RETIREMENT

% OF INCREASE

1989

2%

1988

4%

1987

6%

1986

8%

1985

10%

1984

12%

1983

14%

1982

16%

1981

18%

1980

20%

YEARS PRIOR TO 1980

20%

(b) The additional percentage is incorporated into the recipients' monthly benefit retroactive to July 1, 1990.

(c) The provisions of this section are not applicable to any employees who retired under the provisions of chapter 21.2 of this title.

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Cite this article: FindLaw.com - Rhode Island General Laws Title 45. Towns and Cities § 45-21-60. Pensioners and beneficiaries of Plan No. 3023--Town of North Kingstown - last updated January 01, 2022 | https://codes.findlaw.com/ri/title-45-towns-and-cities/ri-gen-laws-sect-45-21-60/

Read this complete Rhode Island General Laws Title 45. Towns and Cities § 45-21-60. Pensioners and beneficiaries of Plan No. 3023--Town of North Kingstown on Westlaw

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