The bill introduces the "Rhode Island Early Educator Compensation Stabilization Act," which aims to address the challenges faced by early educators in Rhode Island, particularly concerning low wages and workforce retention. The legislation emphasizes the importance of consistent, nurturing care and enriching learning opportunities for young children, noting that many early educators earn wages comparable to those of fast food workers despite having qualifications equivalent to K-12 teachers. It highlights findings from a 2019 statewide survey indicating significant financial struggles among early educators, with many considering leaving their positions if compensation does not improve.

To achieve these goals, the bill directs the departments of human services and education to collaborate in allocating sufficient funds for various programs, including the Rhode Island T.E.A.C.H. early childhood program, registered apprenticeships for early educators, and the Child Care WAGE$ program, which provides education-based salary supplements. Additionally, the bill proposes a retention bonus of $750 every three months for eligible educators working in licensed child care and early learning programs, contingent on specific criteria related to employment duration, hours worked, and wage levels. The act is designed to enhance the stability and effectiveness of the early educator workforce, ensuring that qualified professionals are retained to provide quality care and education to children. The act will take effect upon passage.