Rhode Island H7161 increases monthly minimum benefits for spouses, domestic partners, and former spouses, and grants a 2.89% COLA for eligible.
Rhode Island H7161 increases the monthly minimum benefit for a spouse, domestic partner, or former spouse based on the deceased member's highest annual salary. It also grants a 2.89% cost of living adjustment (COLA) to eligible retirees who retired after July 1, 2012. Additionally, the bill modifies federal adjusted gross income for public pension benefits from the Rhode Island Employees Retirement System. The provisions affect retirees and their beneficiaries, modifying their retirement benefits and tax calculations.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.