Rhode Island General Laws 45-21-28. Refund of contributions on cessation of membership
Any member who withdraws from service or who ceases to be a member for any reason other than death or retirement, shall be paid on demand the contributions which were standing to the member’s credit in the member’s individual account in the members’ contribution reserve, without interest. Any member who is not eligible for the receipt of a service retirement allowance or any other benefit is entitled to a refund. The acceptance of a refund by a member effects a forfeiture by the member of all rights in the system and all accrued service credits. No member shall be deemed to have forfeited any of the member’s accrued service credits or other rights in the system because of a change in employment from one participating municipality to another unless the member accepts a refund of the member’s contributions.
History of Section.
P.L. 1951, ch. 2784, § 8; G.L. 1956, § 45-21-28; R.P.L. 1957, ch. 135, § 2; P.L. 1959, ch. 23, § 5; P.L. 1966, ch. 101, § 1.
Terms Used In Rhode Island General Laws 45-21-28
- Member: means any person included in the membership of the retirement system as provided in §?45-21-8. See Rhode Island General Laws 45-21-2
- Municipality: means any town or city in the state of Rhode Island, any city or town housing authority, fire, water, sewer district, regional school district, public building authority as established by chapter 14 of Title 37, or any other municipal financed agency to which the retirement board has approved admission in the retirement system. See Rhode Island General Laws 45-21-2
- Service: means service as an employee of a municipality of the state of Rhode Island as defined in subdivision (7). See Rhode Island General Laws 45-21-2