State Codes and Statutes
Statutes > Rhode-island > Title-36 > Chapter-36-9 > 36-9-31SECTION 36-9-31
§ 36-9-31 Armed service credit. – (a) Any active member of the retirement system, who served on active duty inthe armed service of the United States or in the Merchant Marine service of theUnited States as defined in P.L. 1946, ch. 1721, § 2 may purchase creditfor that service up to a maximum of four (4) years provided that he or she hasreceived an honorable discharge. Provided further that any employee on anofficial leave of absence for illness or injury shall be eligible to purchasemilitary credits as defined herein while on the 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 state employee as defined inchapter 9 of this title, multiplied by the number of years and fraction thereofof the armed service or Merchant Marine service up to a maximum of four (4)years.
(c) There will be no interest charge provided the membermakes 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 member who was in the retirementsystem prior to July 1, 1980, would not be charged interest whenever he or shepurchases the armed services credit.
