§ 36-9-36 - Narragansett Bay water quality management commission – Merger – New employees. - Rhode Island Statutes

SECTION 36-9-36

   § 36-9-36  Narragansett Bay water qualitymanagement commission – Merger – New employees. – (a) In the event that the Narragansett Bay water quality management commission,hereinafter referred to as "commission", shall acquire a sewage treatmentfacility, hereinafter referred to as "facility", of any city, town, ordistrict, or in the event of the merger or consolidation of a facility into orwith the commission, then any employee of the facility who subsequently becomesand remains an employee of the commission who is a collectively bargainedemployee (within the meaning of § 410(b)(3)(A) of the Internal RevenueCode [26 U.S.C. § 410(b)(3)(A)]) may elect to be treated as atransferred employee pursuant to § 36-9-44 and shall be granted servicecredits for his or her term of service with the facility prior to the transfer,provided:

   (1) An actuarial study is made to determine the cost toinclude each new member of the system; and

   (2) The contributions of both the employer and employee madeprior to the transfer are paid to the state employees' retirement fund.

   (b) If the employee elects not to have his or her fundstransferred then that employee shall not receive credit for any prior service.

   (c) Each employee shall have six (6) months from the time heor she becomes an employee of the commission to decide whether or not theemployee wishes to have their funds transferred and receive credit for theirprior service.