Rhode Island S3152 amends pension benefits for current and former Rhode Island State Police members.

Rhode Island S3152 amends the pension benefits for both current and former Rhode Island State Police members. It increases the maximum retirement allowance and allows additional percentage accruals for years of service beyond base thresholds, subject to a cap of sixty-five percent (65%) of whole salary. The bill also provides for the prospective recalculation of benefits for retirees who retired on or after July 1, 2012, and prior to July 1, 2026, without retroactive adjustments prior to July 1, 2012. Additionally, it extends the time period a member can purchase credit for military service.

Rhode Island S3152 amends pension benefits for current and former Rhode Island State Police members.

Rhode Island S3152 amends the pension benefits for both current and former Rhode Island State Police members. It increases the maximum retirement allowance and allows additional percentage accruals for years of service beyond base thresholds, subject to a cap of sixty-five percent (65%) of whole salary. The bill also provides for the prospective recalculation of benefits for retirees who retired on or after July 1, 2012, and prior to July 1, 2026, without retroactive adjustments prior to July 1, 2012. Additionally, it extends the time period a member can purchase credit for military service.