The bill amends Sections 16-16-12, 36-10-9, and 45-21-16 of the General Laws to update retirement procedures for teachers and state and municipal employees. Effective July 1, 2025, it allows teachers in active service to retire upon reaching the earlier of age sixty with thirty years of total service or their retirement eligibility date under existing statutes. The bill introduces new eligibility criteria for retirement, ensuring that members must have contributed for at least ten years or five years for those in active contributory service after July 1, 2012. It also specifies that members in active service shall be eligible to retire based on the attainment of age sixty and completion of thirty years of service or at their retirement eligibility date. The act aims to provide more flexible retirement options for educators and municipal employees while safeguarding their accrued benefits.

Statutes affected:
5198: 16-16-12, 36-10-9, 45-21-16