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. The bill maintains existing restrictions on post-retirement employment, such as the suspension of retirement benefits during employment with state agencies and the limitation on additional service credits.

Additionally, the bill outlines various scenarios under which retired members can be employed or reemployed by municipalities or state institutions, including specific conditions for part-time work and compensation limits. It emphasizes that no additional service credits will be granted for any of these roles, and it requires monthly notifications to the retirement board regarding such employment. The act would take effect upon passage.

Statutes affected:
5763: 36-10-36