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The Rhode Island Retirement Security Act of 2011 (RIRSA) and 2015 Settlement Agreement
The Rhode Island Retirement Security Act of 2011 (RIRSA) was implemented on July 1, 2012. This law made numerous changes to retirement benefits for public employee and retiree groups. Several of these employee and retiree groups challenged these changes in court. A settlement agreement was reached with almost all of the parties and legislation to enact the settlement terms was passed as part of the FY 2016 state budget.
Below is a quick reference guide to the changes created in the settlement.
