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 the methodology for determining the employer contribution rate or details regarding the amortization periods for the Unfunded Actuarial Accrued Liability (UAAL). The act will take effect immediately upon passage.

Statutes affected:
5764: 36-10-2.1