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H7459 • 2026

AN ACT RELATING TO EDUCATION -- TEACHERS' RETIREMENT (Allows teachers to retire earlier upon what would be referred to as a Rule of 93, rather than the existing Rule of 95 under present state statutes.)

AN ACT RELATING TO EDUCATION -- TEACHERS' RETIREMENT (Allows teachers to retire earlier upon what would be referred to as a Rule of 93, rather than the existing Rule of 95 under present state statutes.)

Education
Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor
Paplauskas, Hopkins, McNamara, Nardone, Fascia, Place, Newberry, Read, Chippendale, Roberts
Last action
2026-01-30
Official status
Introduced, referred to House Finance
Effective date
Not listed

Plain English Breakdown

The plain English breakdown is still being put together. The official documents below are already here.

Bill History

  1. 2026-01-30 Rhode Island General Assembly

    Introduced, referred to House Finance

Official Summary Text

AN ACT RELATING TO EDUCATION -- TEACHERS' RETIREMENT (Allows teachers to retire earlier upon what would be referred to as a Rule of 93, rather than the existing Rule of 95 under present state statutes.)

Current Bill Text

Read the full stored bill text
H7459

2026 -- H 7459
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LC003277
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STATE OF RHODE ISLAND
IN GENERAL ASSEMBLY
JANUARY SESSION, A.D. 2026
____________
A N A C T
RELATING TO EDUCATION -- TEACHERS' RETIREMENT

Introduced By:
Representatives Paplauskas, Hopkins, McNamara, Nardone, Fascia,
Place, Newberry, Read, Chippendale, and Roberts

Date Introduced:
January 30, 2026

Referred To:
House Finance
It is enacted by the General Assembly as follows:
1
SECTION 1. Section 16-16-12 of the General Laws in Chapter 16-16 entitled "Teachers’
2
Retirement [See Title 16 Chapter 97 — The Rhode Island Board of Education Act]" is hereby
3
amended to read as follows:
4

16-16-12. Procedure for service retirement.
5
Retirement of a member on a service retirement allowance shall be made by the retirement
6
board as follows:
7
(a)(i) Any member may retire upon his or her written application to the retirement board
8
as of the first day of the calendar month in which the application was filed, provided the member
9
was separated from service prior to filing the application, and further provided however, that if
10
separation from service occurs during the month in which the application is filed, the effective date
11
shall be the first day following the separation from service, and provided further that the member
12
on retirement date has attained the age of sixty (60) years and has completed at least ten (10) years
13
of contributory service on or before July 1, 2005, or regardless of age has completed twenty-eight
14
(28) years of total service and has completed at least ten (10) years of contributory service on or
15
before July 1, 2005, and who retire before October 1, 2009, or are eligible to retire as of September
16
30, 2009.
17
(ii) For teachers who become eligible to retire on or after October 1, 2009, and prior to July
18
1, 2012, benefits are available to teachers who have attained the age of sixty-two (62) and
19
completed at least ten (10) years of contributory service. For teachers in service as of October 1,

1
2009, who were not eligible to retire as of September 30, 2009, but became eligible to retire prior
2
to July 1, 2012, the minimum retirement age of sixty-two (62) will be adjusted downward in
3
proportion to the amount of service the member has earned as of September 30, 2009. The
4
proportional formula shall work as follows:
5
(A) The formula shall determine the first age of retirement eligibility under the laws in
6
effect on September 30, 2009, which shall then be subtracted from the minimum retirement age of
7
sixty-two (62).
8
(B) The formula shall then take the teacher’s total service credit as of September 30, 2009,
9
as the numerator and the years of service credit determined under (A) as the denominator.
10
(C) The fraction determined in (B) shall then be multiplied by the age difference in (1) to
11
apply a reduction in years from age sixty-two (62).
12
(b)(i) Any member, who has not completed at least ten (10) years of contributory service
13
on or before July 1, 2005, may retire upon his or her written application to the retirement board as
14
of the first day of the calendar month in which the application was filed; provided, the member was
15
separated from service prior thereto; and further provided, however, that if separation from service
16
occurs during the month in which application is filed, the effective date shall be the first day
17
following that separation from service; provided, the member on his or her retirement date had
18
attained the age of fifty-nine (59) and had completed at least twenty-nine (29) years of total service;
19
or provided, that the member on his or her retirement date had attained the age of sixty-five (65)
20
and had completed at least ten (10) years of contributory service; or provided, that the member on
21
his or her retirement date had attained the age of fifty-five (55) and had completed twenty (20)
22
years of total service and provided, that the retirement allowance, as determined according to the
23
formula in § 16-16-13 is reduced actuarially for each month that the age of the member is less than
24
sixty-five (65) years and who retire before October 1, 2009, or are eligible to retire as of September
25
30, 2009.
26
(ii) For teachers who become eligible to retire on or after October 1, 2009, and prior to July
27
1, 2012, benefits are available to teachers who have attained the age of sixty-two (62) and have
28
completed at least twenty-nine (29) years of total service or have attained the age of sixty-five (65)
29
and completed at least ten (10) years of contributory service. For teachers in service as of October
30
1, 2009, who were not eligible to retire as of September 30, 2009, but become eligible to retire prior
31
to July 1, 2012, who have a minimum retirement age of sixty-two (62), the retirement age will be
32
adjusted downward in proportion to the amount of service the member has earned as of September
33
30, 2009. The proportional formula shall work as follows:
34
(A) The formula shall determine the first age of retirement eligibility under the laws in

LC003277 - Page 2 of 12
1
effect on September 30, 2009, which shall then be subtracted from the minimum retirement age of
2
sixty-two (62).
3
(B) The formula shall then take the teacher’s total service credit as of September 30, 2009,
4
as the numerator and the years of service credit determined under (A) as the denominator.
5
(C) The fraction determined in (B) shall then be multiplied by the age difference
6
determined in (A) to apply a reduction in years from age sixty-two (62).
7
(c) Effective July 1, 2012, the following shall apply to all teachers not eligible to retire
8
prior to July 1, 2012:
9
(i) A teacher with contributory service on or after July 1, 2012, shall be eligible to retire
10
upon the completion of at least five (5) years of contributory service and attainment of the teacher’s
11
Social Security retirement age.
12
(ii) For teachers with five (5) or more years of contributory service as of June 30, 2012,
13
with contributory service on and after July 1, 2012, who have a retirement age of Social Security
14
Retirement Age, the retirement age will be adjusted downward in proportion to the amount of
15
service the teacher has earned as of June 30, 2012, but in no event shall a teacher’s retirement age
16
under this subparagraph (ii) be prior to the attainment of age fifty-nine (59) or prior to the teacher’s
17
retirement age determined under the laws in effect on June 30, 2012. The proportional formula shall
18
work as follows:
19
(1) The formula shall determine the first age of retirement eligibility under the laws in
20
effect on June 30, 2012, which shall then be subtracted from Social Security retirement age;
21
(2) The formula shall then take the teacher’s total service credit as of June 30, 2012, as the
22
numerator and the projected service at retirement age in effect on June 30, 2012, as the
23
denominator;
24
(3) The fraction determined in (2) shall then be multiplied by the age difference determined
25
in (1) to apply a reduction in years from Social Security retirement age.
26
(iii) Effective July 1, 2015, a teacher who has completed twenty (20) or more years of total
27
service and who has attained an age within five (5) years of the eligible retirement age under
28
subdivisions (c)(i) or (c)(ii) above or subsection (d) below, may elect to retire provided that the
29
retirement allowance shall be reduced actuarially for each month that the age of the teacher is less
30
than the eligible retirement age under subdivisions (c)(i) or (c)(ii) above or subsection (d) below in
31
accordance with the following table:
32
Year Preceding Retirement Cumulative Annual Reduction Cumulative Monthly
33
Reduction
34
For Year 1 9% .75%

LC003277 - Page 3 of 12
1
For Year 2 8% .667%
2
For Year 3 7% .583%
3
For Year 4 7% .583%
4
For Year 5 7% .583%
5
(iv) Notwithstanding any other provisions of section § 16-16-12(c), a teacher who has
6
completed ten (10) or more years of contributory service as of June 30, 2012, may elect to retire at
7
his or her eligible retirement date as determined under subsections (a) and (b) above provided that
8
a teacher making an election under this paragraph shall receive the teacher’s retirement benefit
9
determined and calculated based on the teacher’s service and average compensation as of June 30,
10
2012. This provision shall be interpreted and administered in a manner to protect a teacher’s
11
accrued benefit on June 30, 2012.
12
(d)
(i)
Notwithstanding any other provisions of subsection (c) above, effective July 1, 2015,
13
teachers in active service shall be eligible to retire upon the earlier of:
14
(A) The attainment of at least age sixty-five (65) and the completion of at least thirty (30)
15
years of total service, or the attainment of at least age sixty-four (64) and the completion of at least
16
thirty-one (31) years of total service, or the attainment of at least age sixty-three (63) and the
17
completion of at least thirty-two (32) years of total service, or the attainment of at least age sixty-
18
two (62) and the completion of at least thirty-three (33) years of total service; or
19
(B) The teacher’s retirement eligibility date under subsections (c)(i) or (c)(ii) above.
20

(ii) Notwithstanding any other provisions of subsection (c) or subsection (d)(i) of this
21
section, commencing July 1, 2026, teachers in active service shall be eligible to retire upon the
22
earlier of:
23

(A) The attainment of at least age sixty-five (65) and the completion of at least twenty-
24
eight (28) years of total service, or the attainment of at least age sixty-four (64) and the completion
25
of at least twenty-nine (29) years of total service, or the attainment of at least age sixty-three (63)
26
and the completion of at least thirty (30) years of total service, or the attainment of at least age
27
sixty-two (62) and the completion of at least thirty-one (31) years of total service; or
28

(B) The teacher's retirement eligibility date under subsections (c)(i) or (c)(ii) of this section.
29
(e) Except as specifically provided in §§ 36-10-9.1, 36-10-12 through 36-10-15, and 45-
30
21-19 through 45-21-22, no member shall be eligible for pension benefits under this chapter unless
31
(i) The member shall have been a contributing member of the employees’ retirement
32
system for at least ten (10) years; or
33
(ii) For teachers in active contributory service on or after July 1, 2012, the teacher shall
34
have been a contributing member of the employees’ retirement system for at least five (5) years.

LC003277 - Page 4 of 12
1
(2) Provided, however, a person who has ten (10) years service credit shall be vested;
2
provided that for teachers in active contributory service on or after July 1, 2012, a teacher who has
3
five (5) years of contributory service shall be vested.
4
(3) Furthermore, any past service credits purchased in accordance with § 36-9-38 shall be
5
counted towards vesting.
6
(4) Any person who becomes a member of the employees’ retirement system pursuant to
7
§ 45-21-8 shall be considered a contributing member for the purpose of chapter 21 of title 45 and
8
this chapter.
9
(5) Notwithstanding any other provision of law, no more than five (5) years of service
10
credit may be purchased by a member of the system. The five (5) year limit shall not apply to any
11
purchases made prior to January 1, 1995. A member who has purchased more than five (5) years
12
of service credit before January 1, 1995, shall be permitted to apply the purchases towards the
13
member’s service retirement. However, no further purchase will be permitted.
14
(6) Notwithstanding any other provision of law, effective July 1, 2012, except for purchases
15
under §§ 16-16-7.1, 36-5-3, 36-9-31, 36-10-10.4, and 45-21-53:
16
(i) For service purchases for time periods prior to a teacher’s initial date of hire, the
17
purchase must be made within three (3) years of the teacher’s initial date of hire; and
18
(ii) For service purchases for time periods for official periods of leave as authorized by
19
law, the purchase must be made within three (3) years of the time the official leave was concluded
20
by the teacher. Notwithstanding paragraphs (i) and (ii) above, service purchases from time periods
21
prior to June 30, 2012, may be made on or prior to June 30, 2015.
22
(f) No member of the teachers’ retirement system shall be permitted to purchase service
23
credits for casual or seasonal employment, for employment as a temporary or emergency employee,
24
a page in the general assembly, or for employment at any state college or university while the
25
employee is a student or graduate of the college or university.
26
(g) Except as specifically provided in §§ 16-16-6.2 and 16-16-6.4, a member shall not
27
receive service credit in this retirement system for any year or portion of a year which counts as
28
service credit in any other retirement system in which the member is vested or from which the
29
member is receiving a pension and/or any annual payment for life. This subsection shall not apply
30
to any payments received pursuant to the federal Social Security Act, 42 U.S.C. § 301 et seq.
31
(h) A member who seeks to purchase or receive service credit in this retirement system
32
shall have the affirmative duty to disclose to the retirement board whether or not he or she is a
33
vested member in any other retirement system and/or is receiving a pension, retirement allowance,
34
or any annual payment for life. The retirement board shall have the right to investigate as to whether

LC003277 - Page 5 of 12
1
or not the member has utilized the same time of service for credit in any other retirement system.
2
The member has an affirmative duty to cooperate with the retirement board including, by way of
3
illustration and not by way of limitation, the duty to furnish or have furnished to the retirement
4
board any relevant information that is protected by any privacy act.
5
(i) A member who fails to cooperate with the retirement board shall not have the time of
6
service credit counted toward total service credit until the time the member cooperates with the
7
retirement board and until the time the retirement board determines the validity of the service credit.
8
(j) A member who knowingly makes a false statement to the retirement board regarding
9
service time or credit shall not be entitled to a retirement allowance and is entitled only to the return
10
of his or her contributions without interest.
11
SECTION 2. Section 36-10-9 of the General Laws in Chapter 36-10 entitled "Retirement
12
System — Contributions and Benefits" is hereby amended to read as follows:
13

36-10-9. Retirement on service allowance — In general.
14
Retirement of a member on a service retirement allowance shall be made by the retirement
15
board as follows:
16
(1)(a)(i) Any member may retire upon his or her written application to the retirement board
17
as of the first day of the calendar month in which the application was filed; provided, the member
18
was separated from service prior thereto; and further provided, however, that if separation from
19
service occurs during the month in which application is filed, the effective date shall be the first
20
day following that separation from service; and provided further that the member on his or her
21
retirement date attained the age of sixty (60) and completed at least ten (10) years of contributory
22
service on or before July 1, 2005, or who, regardless of age, has completed twenty-eight (28) years
23
of total service and has completed at least ten (10) years of contributory service on or before July
24
1, 2005, and who retire before October 1, 2009, or are eligible to retire as of September 30, 2009.
25
(ii) For members who become eligible to retire on or after October 1, 2009, and prior to
26
July 1, 2012, benefits are available to members who have attained the age of sixty-two (62) and
27
completed at least ten (10) years of contributory service. For members in service as of October 1,
28
2009, who were not eligible to retire as of September 30, 2009, but become eligible to retire prior
29
to July 1, 2012, the minimum retirement age of sixty-two (62) will be adjusted downward in
30
proportion to the amount of service the member has earned as of September 30, 2009. The
31
proportional formula shall work as follows:
32
(1) The formula shall determine the first age of retirement eligibility under the laws in
33
effect on September 30, 2009, which shall then be subtracted from the minimum retirement age of
34
sixty-two (62).

LC003277 - Page 6 of 12
1
(2) The formula shall then take the member’s total service credit as of September 30, 2009,
2
as the numerator and the years of service credit determined under (1) as the denominator.
3
(3) The fraction determined in (2) shall then be multiplied by the age difference determined
4
in (1) to apply a reduction in years from age sixty-two (62).
5
(b)(i) Any member, who has not completed at least ten (10) years of contributory service
6
on or before July 1, 2005, may retire upon his or her written application to the retirement board as
7
of the first day of the calendar month in which the application was filed; provided, the member was
8
separated from service prior thereto; and further provided, however, that if separation from service
9
occurs during the month in which application is filed, the effective date shall be the first day
10
following that separation from service; provided, the member or his or her retirement date had
11
attained the age of fifty-nine (59) and had completed at least twenty-nine (29) years of total service
12
or provided that the member on his or her retirement date had attained the age of sixty-five (65)
13
and had completed at least ten (10) years of contributory service; or provided, that the member on
14
his or her retirement date had attained the age of fifty-five (55) and had completed twenty (20)
15
years of total service provided, that the retirement allowance, as determined according to the
16
formula in § 36-10-10 is reduced actuarially for each month that the age of the member is less than
17
sixty-five (65) years, and who retire before October 1, 2009, or are eligible to retire as of September
18
30, 2009.
19
(ii) For members who become eligible to retire on or after October 1, 2009 and prior to
20
July 1, 2012, benefits are available to members who have attained the age of sixty-two (62) and
21
completed at least twenty-nine (29) years of total service or have attained the age of sixty-five (65)
22
and completed at least ten (10) years of contributory service. For members in service as of October
23
1, 2009, who were not eligible to retire as of September 30, 2009, but become eligible to retire prior
24
to July 1, 2012, who have a minimum retirement age of sixty-two (62), the retirement age will be
25
adjusted downward in proportion to the amount of service the member has earned as of September
26
30, 2009. The proportional formula shall work as follows:
27
(1) The formula shall determine the first age of retirement eligibility under the laws in
28
effect on September 30, 2009, which shall then be subtracted from the minimum retirement age of
29
sixty-two (62).
30
(2) The formula shall then take the member’s total service credit as of September 30, 2009,
31
as the numerator and the years of service credit determined under (1) as the denominator.
32
(3) The fraction determined in (2) above shall then be multiplied by the age difference
33
determined in (1) to apply a reduction in years from age sixty-two (62).
34
(c) Effective July 1, 2012, the following shall apply to all members not eligible to retire

LC003277 - Page 7 of 12
1
prior to July 1, 2012:
2
(i) A member with contributory service on or after July 1, 2012, shall be eligible to retire
3
upon the completion of at least five (5) years of contributory service and attainment of the member’s
4
Social Security retirement age.
5
(ii) For members with five (5) or more years of contributory service as of June 30, 2012,
6
with contributory service on and after July 1, 2012, who have a retirement age of Social Security
7
Retirement Age, the retirement age will be adjusted downward in proportion to the amount of
8
service the member has earned as of June 30, 2012, but in no event shall a member’s retirement
9
age under this subparagraph (ii) be prior to the attainment of age fifty-nine (59) or prior to the
10
member’s retirement age determined under the laws in effect on June 30, 2012. The proportional
11
formula shall work as follows:
12
(1) The formula shall determine the first age of retirement eligibility under the laws in
13
effect on June 30, 2012, which shall then be subtracted from Social Security retirement age;
14
(2) The formula shall then take the member’s total service credit as of June 30, 2012, as
15
the numerator and the projected service at retirement age in effect on June 30, 2012, as the
16
denominator;
17
(3) The fraction determined in (2) shall then be multiplied by the age difference determined
18
in (1) to apply a reduction in years from Social Security retirement age.
19
(iii) Effective July 1, 2015, a member who has completed twenty (20) or more years of
20
total service and who has attained an age within five (5) years of the eligible retirement age under
21
subparagraphs (c)(i) or (c)(ii) above or subsection (d) below, may elect to retire provided that the
22
retirement allowance shall be reduced actuarially for each month that the age of the member is less
23
than the eligible retirement age under subparagraphs (c)(i) or (c)(ii) above or subsection (d) below
24
in accordance with the following table:
25
Year Preceding Retirement Cumulative Annual Reduction Cumulative Monthly
26
Reduction
27
For Year 1 9% .75%
28
For Year 2 8% .667%
29
For Year 3 7% .583%
30
For Year 4 7% .583%
31
For Year 5 7% .583%
32
(iv) Notwithstanding any other provisions of section 36-10-9(c), a member who has
33
completed ten (10) or more years of contributory service as of June 30, 2012, may elect to retire at
34
his or her eligible retirement date as determined under paragraphs (1)(a) and (1)(b) above provided

LC003277 - Page 8 of 12
1
that a member making an election under this paragraph shall receive the member’s retirement
2
benefit determined and calculated based on the member’s service and average compensation as of
3
June 30, 2012. This provision shall be interpreted and administered in a manner to protect a
4
member’s accrued benefit on June 30, 2012.
5
(d)
(i)
Notwithstanding any other provisions of subsection (c) above, effective July 1, 2015,
6
members in active service shall be eligible to retire upon the earlier of: (A) The attainment of at
7
least age sixty-five (65) and the completion of at least thirty (30) years of total service, or the
8
attainment of at least age sixty-four (64) and the completion of at least thirty-one (31) years of total
9
service, or the attainment of at least age sixty-three (63) and the completion of at least thirty-two
10
(32) years of total service, or the attainment of at least age sixty-two (62) and the completion of at
11
least thirty-three (33) years of total service; or (B) The member’s retirement eligibility date under
12
subsections (c)(i) or (c)(ii) above.
13

(ii) Notwithstanding any other provisions of subsection (c) or subsection (d)(i) of this
14
section, commencing July 1, 2026, teachers in active service shall be eligible to retire upon the
15
earlier of:
16

(A) The attainment of at least age sixty-five (65) and the completion of at least twenty-
17
eight (28) years of total service, or the attainment of at least age sixty-four (64) and the completion
18
of at least twenty-nine (29) years of total service, or the attainment of at least age sixty-three (63)
19
and the completion of at least thirty (30) years of total service, or the attainment of at least age
20
sixty-two (62) and the completion of at least thirty-one (31) years of total service; or
21

(B) The teacher's retirement eligibility date under subsections (c)(i) or (c)(ii) of this
22
section.
23
(2) Any faculty employee at a public institution of higher education under the jurisdiction
24
of the council on postsecondary education shall not be involuntarily retired upon attaining the age
25
of seventy (70) years.
26
(3)(i) Except as specifically provided in § 36-10-9.1, §§ 36-10-12 — 36-10-15, and §§ 45-
27
21-19 — 45-21-22, (I) On or prior to June 30, 2012 no member shall be eligible for pension benefits
28
under this chapter unless the member shall have been a contributing member of the employee’s
29
retirement system for at least ten (10) years, or (II) For members in active contributory service on
30
or after July 1, 2012, the member shall have been a contributing member of the retirement system
31
for at least five (5) years.
32
(ii) Provided, however, a person who has ten (10) years service credit on or before June 16,
33
1991, shall be vested.
34
(iii) Furthermore, any past service credits purchased in accordance with § 36-9-38 shall be

LC003277 - Page 9 of 12
1
counted towards vesting.
2
(iv) Any person who becomes a member of the employees’ retirement system pursuant to
3
§ 45-21-4 shall be considered a contributing member for the purpose of chapter 21 of title 45 and
4
this chapter.
5
(v) Notwithstanding any other provision of law, no more than five (5) years of service
6
credit may be purchased by a member of the system. The five (5) year limit shall not apply to any
7
purchases made prior to January 1, 1995. A member who has purchased more than five (5) years
8
of service credits before January 1, 1995, shall be permitted to apply those purchases towards the
9
member’s service retirement. However, no further purchase will be permitted. Repayment in
10
accordance with applicable law and regulation of any contribution previously withdrawn from the
11
system shall not be deemed a purchase of service credit.
12
(vi) Notwithstanding any other provision of law, effective July 1, 2012, except for
13
purchases under §§ 16-16-7.1, 36-5-3, 36-9-31, 36-10-10.4, and 45-21-53, (A) For service
14
purchases for time periods prior to a member’s initial date of hire, the purchase must be made
15
within three (3) years of the member’s initial date of hire, (B) For service purchases for time periods
16
for official periods of leave as authorized by law, the purchase must be made within three (3) years
17
of the time the official leave was concluded by the member. Notwithstanding the preceding
18
sentence, service purchases from time periods prior to June 30, 2012, may be made on or prior to
19
June 30, 2015.
20
(4) No member of the employees’ retirement system shall be permitted to purchase service
21
credits for casual, seasonal, or temporary employment, or emergency appointment, for employment
22
as a page in the general assembly, or for employment at any state college or university while the
23
employee is a student or graduate assistant of the college or university.
24
(5) Except as specifically provided in §§ 16-16-6.2 and 16-16-6.4, a member shall not
25
receive service credit in this retirement system for any year or portion of it, which counts as service
26
credit in any other retirement system in which the member is vested or from which the member is
27
receiving a pension and/or any annual payment for life. This subsection shall not apply to any
28
payments received pursuant to the federal Social Security Act or to payments from a military
29
pension earned prior to participation in state or municipal employment, or to military service credits
30
earned prior to participation in state or municipal employment.
31
(6) A member who seeks to purchase or receive service credit in this retirement system
32
shall have the affirmative duty to disclose to the retirement board whether or not he or she is a
33
vested member in any other retirement system and/or is receiving a pension, retirement allowance,
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or any annual payment for life. The retirement board shall have the right to investigate as to whether

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1
or not the member has utilized the same time of service for credit in any other retirement system.
2
The member has an affirmative duty to cooperate with the retirement board including, by way of
3
illustration and not by way of limitations the duty to furnish or have furnished to the retirement
4
board any relevant information which is protected by any privacy act.
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(7) A member who fails to cooperate with the retirement board shall not have the time of
6
service counted toward total service credit until such time as the member cooperates with the
7
retirement board and until such time as the retirement board determines the validity of the service
8
credit.
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(8) A member who knowingly makes a false statement to the retirement board regarding
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service time or credit shall not be entitled to a retirement allowance and is entitled only to the return
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of his or her contributions without interest.
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SECTION 3. This act shall take effect upon passage.
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EXPLANATION
BY THE LEGISLATIVE COUNCIL
OF
A N A C T
RELATING TO EDUCATION -- TEACHERS' RETIREMENT
***
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This act would allow teachers to retire earlier upon what would be referred to as a Rule of
2
93, rather than the existing Rule of 95 under present state statutes under the following formula:
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Upon reaching the age of at least sixty-five (65) and completing at least twenty-eight (28)
4
years of total service; or
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Upon reaching the age of at least sixty-four (64) and completing at least twenty-nine (29)
6
years of total service; or
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Upon reaching the age of at least sixty-three (63) and completing at least thirty (30) years of
8
total service; or
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Upon reaching the age of at least sixty-two (62) and completing at least thirty-one (31) years
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of total service.
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This act would take effect upon passage.
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