§ 36-10-3. Credits to individuals in annuity savings account.
All contributions made by members and interest thereon to July 1, 1947, shall be credited to the individual members’ accounts in the annuity savings account. Effective July 1, 1947, the amount of accumulated contributions in the accounts of the members of the system which have been credited to the annuity savings fund shall be transferred to the annuity savings account and maintained in that account to the credit of the individual members. Effective July 1, 1965, the accumulated contributions of any inactive member who has been separated from service for five (5) years or more whose total service is less than ten (10) years shall be transferred from the annuity savings account to the contingent reserve for state employees or teacher members as the case may be. These funds will be held in escrow and should any member reenter service and again become a member, his or her previous contributions shall be revived and reinstated to his or her account for all purposes of this system. A member will still be eligible for a refund of these contributions upon application by him or her or his or her heirs at any time. Member contributions made pursuant to § 36-10-1.1 or 16-16-22.1 pursuant to a plan for the employer pick up of employee contributions shall be credited to a separate fund within an individual member’s account in the annuity savings account so that the amounts contributed prior to the effective date for the pick up of employee contributions may be distinguished from the amounts contributed on or after the date of which the governmental employer begins to pick up the employee contributions required by law.
History of Section.G.L. 1938, ch. 18, § 5; P.L. 1947, ch. 1971, § 3; P.L. 1949, ch. 2377, § 1; G.L. 1956, § 36-10-3; P.L. 1965, ch. 110, § 1; P.L. 1983, ch. 137, § 2.
Structure Rhode Island General Laws
Title 36 - Public Officers and Employees
Chapter 36-10 - Retirement System — Contributions and Benefits
Section 36-10-1. - Member contributions — Deduction from compensation.
Section 36-10-1.1. - Department payment of member contributions.
Section 36-10-2. - State contributions.
Section 36-10-2.1. - Actuarial cost method.
Section 36-10-3. - Credits to individuals in annuity savings account.
Section 36-10-4. - Credits and charges to contingent reserve account.
Section 36-10-6. - Agreements for federal contributions.
Section 36-10-7. - Guaranty by state — Annual appropriations.
Section 36-10-8. - Refund of contributions — Repayment and restoration of credits.
Section 36-10-9. - Retirement on service allowance — In general.
Section 36-10-9.1. - Retirement on service allowance — Legislators.
Section 36-10-9.2. - Retirement on service allowance — Correctional officers.
Section 36-10-9.3. - Retirement on service allowance — Registered nurses.
Section 36-10-9.4. - Post-retirement service as legislator.
Section 36-10-9.5. - Repealed.
Section 36-10-9.6. - Aeronautics inspectors — Retirement.
Section 36-10-9.7. - Electronic funds transfer.
Section 36-10-10. - Amount of service retirement allowance.
Section 36-10-10.1. - Amount of service retirement allowance — Legislators.
Section 36-10-10.2. - Amount of service retirement allowance — Correctional officers.
Section 36-10-10.3. - Social security supplemental option.
Section 36-10-10.4. - Effect of deferral and/or reduction of salary.
Section 36-10-11. - Service allowance to member withdrawing from service before retirement age.
Section 36-10-12. - Retirement for ordinary disability.
Section 36-10-13. - Amount of ordinary disability benefit.
Section 36-10-14. - Retirement for accidental disability.
Section 36-10-15. - Amount of accidental disability benefit.
Section 36-10-16. - Disability benefits pending final decision on application.
Section 36-10-18. - Optional benefits.
Section 36-10-19.1. - Optional annuity protection — In service.
Section 36-10-20. - Accidental death benefits.
Section 36-10-21. - Ordinary death benefit.
Section 36-10-22. - Retention of death benefit coverage by general assembly member not reelected.
Section 36-10-23. - Benefit payable on death after retirement.
Section 36-10-23.1. - Benefit payable on death of retired legislator.
Section 36-10-24. - Person to whom death benefit payable.
Section 36-10-25 - — 36-10-30. Repealed.
Section 36-10-31. - Deduction of amounts received from workers’ compensation or as damages.
Section 36-10-32. - Tax exemption.
Section 36-10-33. - Penalty for fraudulent claim or statement.
Section 36-10-34. - Exemption of benefits and contributions from attachment.
Section 36-10-35. - Additional benefits payable to retired employees.
Section 36-10-35.1. - One time adjustment to original retirement allowances.
Section 36-10-36. - Post-retirement employment.
Section 36-10-36.1. - Post-retirement employment related to COVID-19.
Section 36-10-37. - Retirement benefits for certain general state officers.
Section 36-10-38. - Combined service credits of general state officers.
Section 36-10-39. - Fiscal impact of proposed legislation impacting the retirement system.