§ 45-21.2-6.3 - Richmond police department – Retirement allowance. - Rhode-island Statutes

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Statutes > Rhode-island > Title-45 > Chapter-45-21-2 > 45-21-2-6-3

SECTION 45-21.2-6.3

§ 45-21.2-6.3 Richmond police department– Retirement allowance. – Upon retirement from service pursuant to chapter 45-21.2-5, a member of theRichmond police department shall receive a retirement allowance which shall beterminable at the death of the annuitant, and shall be an amount equal to thesum of two and two thousand seven hundred twenty-seven ten thousandths of apercent (2.2727%) of final compensation (average of final three years' salary)multiplied by the years of service. The annual retirement allowance in no eventshall exceed seventy-five percent (75%) of final compensation.

State Codes and Statutes

Statutes > Rhode-island > Title-45 > Chapter-45-21-2 > 45-21-2-6-3

SECTION 45-21.2-6.3

§ 45-21.2-6.3 Richmond police department– Retirement allowance. – Upon retirement from service pursuant to chapter 45-21.2-5, a member of theRichmond police department shall receive a retirement allowance which shall beterminable at the death of the annuitant, and shall be an amount equal to thesum of two and two thousand seven hundred twenty-seven ten thousandths of apercent (2.2727%) of final compensation (average of final three years' salary)multiplied by the years of service. The annual retirement allowance in no eventshall exceed seventy-five percent (75%) of final compensation.

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State Codes and Statutes

Statutes > Rhode-island > Title-45 > Chapter-45-21-2 > 45-21-2-6-3

SECTION 45-21.2-6.3

§ 45-21.2-6.3 Richmond police department– Retirement allowance. – Upon retirement from service pursuant to chapter 45-21.2-5, a member of theRichmond police department shall receive a retirement allowance which shall beterminable at the death of the annuitant, and shall be an amount equal to thesum of two and two thousand seven hundred twenty-seven ten thousandths of apercent (2.2727%) of final compensation (average of final three years' salary)multiplied by the years of service. The annual retirement allowance in no eventshall exceed seventy-five percent (75%) of final compensation.