The bill amends Section 36-10-36 of the General Laws regarding post-retirement employment for members of the state retirement system. It introduces new provisions that allow retired members to be employed or reemployed by state colleges or universities in various capacities beyond just teaching, while maintaining the existing salary cap for part-time work. Specifically, the bill stipulates that compensation for such positions cannot exceed the salary provided to similarly situated members under a collective bargaining agreement, with a maximum gross pay of $18,000 per calendar year for part-time roles.

The bill clarifies that retired members can serve in various elected or appointed positions without losing their retirement benefits, provided they do not earn additional service credits. It also outlines specific conditions under which retired members can work in municipalities and other state roles, ensuring that their retirement benefits remain intact while limiting the amount of additional service credits they can accrue. This act would take effect upon passage.

Statutes affected:
184: 36-10-36