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Bill > S2842


RI S2842

RI S2842
Commencing on 7/1/2026, allows members, state and municipal employees to retire when they have at least 28 years of active service and their retirement age, when combined with the number of their years of service reaches, the number 85.


summary

Introduced
03/04/2026
In Committee
03/04/2026
Crossed Over
Passed
Dead

Introduced Session

2026 Regular Session

Bill Summary

Commencing on July 1, 2026, this act would allow members, state and municipal employees to retire when they have at least twenty-eight (28) years of active service and their retirement age, when combined with the number of their years of service reaches, the number eighty-five (85). This act would take effect upon passage.

AI Summary

This bill, effective July 1, 2026, allows members, state, and municipal employees to retire if they have at least 28 years of active service and their age plus their years of service equals 85. This provision is known as the "Rule of 85" and is a common retirement option that allows for earlier retirement based on a combination of age and service length. The bill also states that it takes effect upon passage.

Committee Categories

Budget and Finance

Sponsors (5)

Last Action

Introduced, referred to Senate Finance (on 03/04/2026)

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