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 serve as a member of the Rhode Island state labor relations board without forfeiting their retirement benefits. Additionally, the bill maintains existing restrictions on post-retirement employment, such as the requirement that retirement benefits be suspended during employment with state agencies, and it specifies that no additional service credits or contributions will be granted for such employment.

The bill also outlines various scenarios under which retired members can be employed or reemployed by municipalities or state institutions, including specific limits on the duration and compensation for such roles. For instance, retired members can work part-time in educational roles or as general magistrates without losing their retirement benefits, provided they adhere to the specified compensation limits and reporting requirements. Overall, the bill aims to clarify and expand the opportunities for retired members to engage in public service while protecting their retirement benefits.