§ 45-21-28 - Refund of contributions on cessation of membership. - Rhode-island Statutes

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Statutes > Rhode-island > Title-45 > Chapter-45-21 > 45-21-28

SECTION 45-21-28

§ 45-21-28 Refund of contributions oncessation of membership. – Any member who withdraws from service or who ceases to be a member for anyreason other than death or retirement, shall be paid on demand thecontributions which were standing to the member's credit in the member'sindividual account in the members' contribution reserve, without interest. Anymember who is not eligible for the receipt of a service retirement allowance orany other benefit is entitled to a refund. The acceptance of a refund by amember effects a forfeiture by the member of all rights in the system and allaccrued service credits. No member shall be deemed to have forfeited any of themember's accrued service credits or other rights in the system because of achange in employment from one participating municipality to another unless themember accepts a refund of the member's contributions.

State Codes and Statutes

Statutes > Rhode-island > Title-45 > Chapter-45-21 > 45-21-28

SECTION 45-21-28

§ 45-21-28 Refund of contributions oncessation of membership. – Any member who withdraws from service or who ceases to be a member for anyreason other than death or retirement, shall be paid on demand thecontributions which were standing to the member's credit in the member'sindividual account in the members' contribution reserve, without interest. Anymember who is not eligible for the receipt of a service retirement allowance orany other benefit is entitled to a refund. The acceptance of a refund by amember effects a forfeiture by the member of all rights in the system and allaccrued service credits. No member shall be deemed to have forfeited any of themember's accrued service credits or other rights in the system because of achange in employment from one participating municipality to another unless themember accepts a refund of the member's contributions.

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State Codes and Statutes

Statutes > Rhode-island > Title-45 > Chapter-45-21 > 45-21-28

SECTION 45-21-28

§ 45-21-28 Refund of contributions oncessation of membership. – Any member who withdraws from service or who ceases to be a member for anyreason other than death or retirement, shall be paid on demand thecontributions which were standing to the member's credit in the member'sindividual account in the members' contribution reserve, without interest. Anymember who is not eligible for the receipt of a service retirement allowance orany other benefit is entitled to a refund. The acceptance of a refund by amember effects a forfeiture by the member of all rights in the system and allaccrued service credits. No member shall be deemed to have forfeited any of themember's accrued service credits or other rights in the system because of achange in employment from one participating municipality to another unless themember accepts a refund of the member's contributions.