The bill amends Section 36-10-2.1 of the General Laws in Chapter 36-10, which pertains to the Retirement System Contributions and Benefits. It introduces a new provision that mandates the re-amortization of the state pension fund commencing with fiscal year 2026. The determination of the employer contribution rate will include this re-amortization. The bill does not specify additional methodologies for determining the employer contribution rate or details regarding the Unfunded Actuarial Accrued Liability (UAAL) beyond the re-amortization requirement. The act is set to take effect upon passage.

Statutes affected:
5764: 36-10-2.1