§ 45-21.2-6.2. Johnston police department retirement allowance.
Upon retirement from service pursuant to subdivision (1), (2), or (6) of § 45-21.2-5, a member of the Johnston police department receives a retirement allowance which is a life annuity terminable at the death of the annuitant, and is an amount equal to the sum of two percent (2%) of final compensation multiplied by the first twenty-five (25) years of service and four percent (4%) of final compensation multiplied by the years of service in excess of twenty-five (25) years for service on and prior to June 30, 2012. For service on and after July 1, 2012, a member’s service retirement allowance shall be determined in accordance with § 45-21.2-6. The annual retirement allowance in no event shall exceed seventy-five percent (75%) of final compensation.
History of Section.P.L. 1987, ch. 402, § 2; P.L. 2011, ch. 408, § 12; P.L. 2011, ch. 409, § 12.
Structure Rhode Island General Laws
Chapter 45-21.2 - Optional Retirement for Members of Police Force and Firefighters
Section 45-21.2-2. - Definitions.
Section 45-21.2-3. - Optional retirement for police and firefighters.
Section 45-21.2-4. - Mode of administration.
Section 45-21.2-5. - Retirement on service allowance.
Section 45-21.2-5.1. - Retirement credits for layoffs.
Section 45-21.2-6. - Service retirement allowance.
Section 45-21.2-6.1. - South Kingstown police department — Retirement allowance.
Section 45-21.2-6.2. - Johnston police department retirement allowance.
Section 45-21.2-6.3. - Richmond police department — Retirement allowance.
Section 45-21.2-7. - Retirement for ordinary disability.
Section 45-21.2-8. - Ordinary disability allowance.
Section 45-21.2-9. - Retirement for accidental disability.
Section 45-21.2-10. - Accidental disability allowance.
Section 45-21.2-11. - Accidental death benefits.
Section 45-21.2-12. - Ordinary death benefit.
Section 45-21.2-13. - Benefit on death of retired member.
Section 45-21.2-14. - Contributions.
Section 45-21.2-15. - Tax exemption — Fraudulent claims — Amendment.
Section 45-21.2-16. - Call system credit — North Providence fire department.
Section 45-21.2-17. - Woonsocket police department.
Section 45-21.2-17.1. - Woonsocket fire department.
Section 45-21.2-17.2. - Cranston Fire Department.
Section 45-21.2-17.3. - Cranston Police Department.
Section 45-21.2-18. - Call system credit — North Kingstown fire department.
Section 45-21.2-19. - Volunteer time and call system credit — East Greenwich fire district.
Section 45-21.2-21. - Optional annuity protection — Death while employee or inactive member status.
Section 45-21.2-22. - Optional twenty year retirement on service allowance.
Section 45-21.2-22.1. - Burrillville police — Optional twenty-year retirement on service allowance.
Section 45-21.2-23. - North Smithfield volunteer fire department.
Section 45-21.2-24. - Actuarial studies of retirement allowances.