Effective for plan years beginning July 1, 2012, any new legislation enacted contemporaneously with this chapter that is expected to improve the funding percentage of such a plan to eighty percent (80%) or greater within a reasonable funding improvement period not to exceed twenty (20) years shall be considered to constitute a funding improvement strategy. The funding improvement period shall be governed by such enacted legislation and shall begin July 1, 2012.
R.I. Gen. Laws § 36-10.2-9
Transition period
Known as the Rhode Island Pension Protection Act
The act spans §§ 36–36 (11 sections).
P.L. 2011, ch. 408, § 8; P.L. 2011, ch. 409, § 8.
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.