§ 45-21-4 - Acceptance by municipalities – Effective date. - Rhode Island Statutes

SECTION 45-21-4

   § 45-21-4  Acceptance by municipalities– Effective date. – (a) Any municipality may accept this chapter by an ordinance or resolution ofits governing body stating the group or groups of employees to be included asprovided in § 45-21-7. When the ordinance or resolution has been approved,a certified copy of it shall be forwarded to the retirement board by the cityclerk or the moderator of the financial town meeting. After the system hasbegun operations, the effective date of participation of any municipality shallbe the first day of July at least ninety (90) days following the receipt by theretirement board of the certified copy of the ordinance or resolution asprovided in this section.

   (b) The Smithfield Town Council may by resolution providethat regular police officers hired after July 2, 1999 and/or regularfirefighters who are members of Smithfield's private pension system may becomemembers of the Municipal Employees' Retirement System of the State of RhodeIsland in accordance with chapters 21 or 21.2 of this title. No resolution maybe adopted by the Town of Smithfield pursuant to this subsection until anactuary study has been completed to determine the potential cost of theresolution. The cost of the actuary study shall be paid by the Town ofSmithfield.