§ 45-21.5-6. Transfer of assets.
Subject to the provisions of §§ 45-21.5-2(b) and 45-21.5-3(b) being met, no later than July 1, 2022, the system shall be responsible for administering the West Warwick plans and West Warwick shall transfer to the system the accumulated contributions of each member entering the system, the assets related to the actuarial accrued liability of those transferred employees and any other assets of the West Warwick plans.
History of Section.P.L. 2021, ch. 226, § 1, effective July 8, 2021; P.L. 2021, ch. 227, § 1, effective July 8, 2021.
Structure Rhode Island General Laws
Chapter 45-21.5 - West Warwick Pension PlanHistory of Section.
Section 45-21.5-1. - Legislative findings.
Section 45-21.5-3. - Retiree participation in retirement plan for school and municipal employees.
Section 45-21.5-5. - Retiree participation in optional retirement plan for police and fire.
Section 45-21.5-6. - Transfer of assets.
Section 45-21.5-7. - Funding improvement period.
Section 45-21.5-8. - Withdrawal from the municipal employees’ retirement system.