Rhode Island H7443 authorizes a 2.5% annual escalation for police and firefighter retirement pensions, compounded yearly.
Rhode Island H7443 amends the General Laws to authorize an annual 2.5% escalation for all active and retired police and firefighter retirement pension allowances, compounded each year on January 1 following the year of retirement and continuing yearly on that date. This escalation applies to all eligible members, ensuring their pensions increase annually. The bill takes effect upon passage.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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