§ 36-10.2-9. Transition period.
Effective for plan years beginning July 1, 2012, any new legislation enacted contemporaneously with this chapter that is expected to improve the funding percentage of such a plan to eighty percent (80%) or greater within a reasonable funding improvement period not to exceed twenty (20) years shall be considered to constitute a funding improvement strategy. The funding improvement period shall be governed by such enacted legislation and shall begin July 1, 2012.
History of Section.P.L. 2011, ch. 408, § 8; P.L. 2011, ch. 409, § 8.
Structure Rhode Island General Laws
Title 36 - Public Officers and Employees
Chapter 36-10.2 - Pension Protection Act
Section 36-10.2-1. - Short title.
Section 36-10.2-3. - Definitions.
Section 36-10.2-4. - Actuarial valuation methodology.
Section 36-10.2-5. - Determination of endangered status.
Section 36-10.2-6. - Annual certification and notice requirements.
Section 36-10.2-7. - Funding improvement strategy procedure.
Section 36-10.2-8. - Funding improvement period.