State Codes and Statutes
Statutes > Rhode-island > Title-16 > Chapter-16-16 > 16-16-7-1SECTION 16-16-7.1
§ 16-16-7.1 Armed service credit. –(a) Any active teacher who served on active duty in the armed service of theUnited States or in the merchant marine service of the United States as definedin § 2 of Chapter 1721 of the Public Laws, 1946, may purchase credit forthat service up to a maximum of four (4) years; provided that he or she hasreceived an honorable discharge; provided further, that any teacher on anofficial leave of absence for illness or injury shall be eligible to purchasemilitary credits as defined herein while on that leave of absence.
(b) The cost to purchase these credits shall be ten percent(10%) of the member's first year's earnings as a teacher as defined in §16-16-1 of this title, multiplied by the number of years and fraction of theyears of the armed service up to a maximum of four (4) years.
(c) There will be no interest charged provided the teachermakes that purchase during his or her first five (5) years of membership in theretirement system, but will be charged regular interest to date of purchasefrom date of enrollment into membership, if purchased after completing five (5)years of membership; provided, however, any teacher who was in the retirementsystem prior to July 1, 1980, would not be charged interest whenever he or shepurchases the armed services credit.
