The bill amends Section 45-21.2-5 of the General Laws concerning retirement allowances for members of the police force and firefighters. It introduces a new provision that allows members who have attained the age of fifty-seven (57) and have completed at least twenty (20) years of service to elect to retire without a reduction in their retirement benefits, effective July 1, 2027. This addition aims to provide more options for retirement for these public safety employees.

The bill also clarifies existing retirement eligibility criteria for members eligible to retire on or after July 1, 2012, while maintaining various retirement options based on age and years of service. It ensures that members who had ten or more years of contributory service prior to July 1, 2012, retain their eligibility to retire at age fifty-two (52) under previous rules. Overall, the bill seeks to enhance retirement benefits for police and firefighters while ensuring that the provisions are clearly defined and accessible.

Statutes affected:
7660: 45-21.2-5