The general assembly of the state of Rhode Island hereby declares that it is the intention of the state to make payment of the annuities, benefits, and retirement allowances provided for under the provisions of this chapter and to that end that it is the intention of the state to make the appropriations required by the state to meet its obligations to the extent provided in this chapter. The general assembly shall make annual appropriations which shall be sufficient to provide for the payment of the annuities, benefits, and retirement allowances required of the state under this chapter. The amounts to be appropriated shall be included in the annual appropriation bill and shall be paid by the general treasurer into the retirement system.
R.I. Gen. Laws § 36-10-7
Guaranty by state — Annual appropriations
Applied in 6 court decisions — leading case Parella v. Retirement Board of the Rhode Island Employees' Retirement System (1999)
Most recently applied in Parella v. Retirement Board of the Rhode Island Employees' Retirement System (April 1999)
P.L. 1936, ch. 2334, § 6; G.L. 1938, ch. 18, § 6; P.L. 1947, ch. 1971, § 4; G.L. 1956, § 36-10-7.
Official source: Rhode Island General Assembly. Reproduced from public-domain Rhode Island statutes; confirm against the official source for the current text. Not legal advice.