A retirement system is hereby established and placed under the management of the retirement board for the purpose of providing retirement allowances for employees of the state of Rhode Island under the provisions of chapters 8 — 10 of this title. The retirement system so created shall begin operation as of July 1, 1936. It shall have the power and privileges of a corporation and shall be known as the “employees’ retirement system of the state of Rhode Island”, and by that name all of its business shall be transacted, all of its funds invested, and all of its cash, securities, and other property held.
R.I. Gen. Laws § 36-8-2
Establishment of system
Applied in 2 court decisions — leading case National Education Ass'n v. Retirement Board of the Rhode Island Employees' Retirement System (1997)
Most recently applied in 972 F. Supp. 100 - NAT. EDUC. ASS'N-RHODE ISLAND v. Retirement Bd. (August 1997)
P.L. 1936, ch. 2334, § 2; G.L. 1938, ch. 18, § 2; G.L. 1956, § 36-8-2.
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.