Rhode Island legislation · 2026 Regular Session
Rhode Island H8501: AN ACT RELATING TO STATUTES AND STATUTORY CONSTRUCTION (Re-enacts certain chapters of title 45 relating to towns and cities and provides various technical statutory construction edits throughout the general laws.)
Status: Signed into law, June 23, 2026
What the bill says
A resolution accepting any of the plans described in this section: (1) Plan A. All employees and beneficiaries of those employees receiving a service retirement or disability retirement allowance under the provisions of this chapter on December of the year their city or town accepts this section, receive a cost of living adjustment equal to one and one-half percent (1.5%) per year of the original retirement allowance, not compounded, for LC006193 - Page 7 of each calendar year the retirement allowance has been in effect…
From the introduced text, May 1, 2026:
a resolution accepting any of the plans described in this section: (1) Plan A. All employees and beneficiaries of those employees receiving a service retirement or disability retirement allowance under the provisions of this chapter on December of the year their city or town accepts this section, receive a cost of living adjustment equal to one and one-half percent (1.5%) per year of the original retirement allowance, not compounded, for LC006193 - Page 7 of each calendar year the retirement allowance has been in effect. This cost of living adjustment is added to the amount of the retirement allowance as of January 1 following acceptance of this provision, and an additional one and one-half percent (1.5%) is added to the original retirement allowance in each succeeding year during the month of January, and provided, further, that this additional cost of living increase is three percent (3%) for the year beginning January 1 of the year the plan is accepted and each succeeding year. (2) Plan B. All employees and beneficiaries of those employees receiving a retirement allowance under the provisions of this chapter on December 31 of the year their municipality accepts this section, receive a cost of living adjustment equal to three percent (3%) of their original retirement allowance. This adjustment is added to the amount of the retirement …