The bill amends Section 36-10-35 of the General Laws regarding retirement system contributions and benefits. It introduces a new provision that mandates an annual benefit adjustment of two thousand dollars ($2,000) for all present and former employees, active and retired members, and beneficiaries receiving any retirement, disability, or death allowance or benefit of any kind, effective July 1, 2026. This adjustment is intended to provide a consistent increase in retirement benefits for eligible individuals. The provisions of this subsection shall apply to any benefit adjustment not granted on or prior to June 30, 2026.

Statutes affected:
777: 36-10-35