Rhode Island H7390 allows teachers, state, and municipal employees to retire at age 60 with 30 years of service or at their retirement eligibility.

Rhode Island H7390 modifies retirement eligibility for teachers, state, and municipal employees. It allows these employees to retire upon reaching age 60 with 30 years of service or at their retirement eligibility date under current state statutes. The bill also includes provisions for reducing retirement benefits actuarially for early retirement and outlines rules for service credit purchases and eligibility. It takes effect upon passage.

Rhode Island H7390 allows teachers, state, and municipal employees to retire at age 60 with 30 years of service or at their retirement eligibility.

Rhode Island H7390 modifies retirement eligibility for teachers, state, and municipal employees. It allows these employees to retire upon reaching age 60 with 30 years of service or at their retirement eligibility date under current state statutes. The bill also includes provisions for reducing retirement benefits actuarially for early retirement and outlines rules for service credit purchases and eligibility. It takes effect upon passage.