Employees' Retirement System of Rhode Island and Municipal Employees' Retirement System Regulations
120-RICR-00-00-1 INACTIVE RULE
Title | 120 | Treasury Department |
Chapter | 00 | N/A |
Subchapter | 00 | N/A |
Part | 1 | Employees' Retirement System of Rhode Island and Municipal Employees' Retirement System Regulations |
Type of Filing | Amendment |
Regulation Status | Inactive |
Effective | 11/25/2013 to 03/09/2017 |
Regulation Authority:
Rhode Island General Laws 36-8-3
Purpose and Reason:
The Purpose of this amendment is to add Regulation 16 to the Employees’ Retirement System of Rhode Island and Municipal Employees’ Retirement System Regulations. Rhode Island General Laws §36-10-10.3 and §45-21-17.2, which pertain to Social Security Supplemental Option, permit a vested member to elect an option which provides for payment of a larger benefit before the attainment of age 62 and a reduced amount thereafter. This regulation sets forth rules and regulations regarding eligibility and procedures for modification. There are no substantive differences.