§ 36-8-1 Definition of terms
§ 36-8-2 Establishment of system
§ 36-8-3 Responsibility for administration – Rules and regulations
§ 36-8-3.1 Immunity of board members
§ 36-8-4 Composition of retirement board
§ 36-8-4.1 Fiduciary and continuing education requirements
§ 36-8-5 Vacancies on board
§ 36-8-6 Votes of board – Record of proceedings
§ 36-8-7 Reimbursement of board members
§ 36-8-8 Annual report and statement
§ 36-8-8.1 Repealed
§ 36-8-8.2 Special pension benefits
§ 36-8-9 Legal adviser – Treasurer – Executive officers and secretary
§ 36-8-10 Accounts and statistical records – Clerical and professional assistance – Disbursements
§ 36-8-10.1 Payment of administrative expense of the retirement board and maintaining the retirement system – Restricted receipts account
§ 36-8-11 Collection of actuarial and experience data
§ 36-8-12 Actuarial investigations authorized by board
§ 36-8-13 Periodic actuarial investigations and valuations – Adoption of tables and rates
§ 36-8-14 Annual valuation of assets and liabilities
§ 36-8-15 Custody and investment of funds
§ 36-8-16 Disposition of investment earnings
§ 36-8-17 Improper interest in investments of board
§ 36-8-18 Severability
§ 36-8-19 Annual audits
§ 36-8-20 Internal Revenue Code qualification
§ 36-8-21 Repealed

Terms Used In Rhode Island General Laws > Chapter 36-8 - Retirement System - Administration

  • Advice and consent: Under the Constitution, presidential nominations for executive and judicial posts take effect only when confirmed by the Senate, and international treaties become effective only when the Senate approves them by a two-thirds vote.
  • Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Ex officio: Literally, by virtue of one's office.
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Joint committee: Committees including membership from both houses of teh legislature. Joint committees are usually established with narrow jurisdictions and normally lack authority to report legislation.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • person: may be construed to extend to and include co-partnerships and bodies corporate and politic. See Rhode Island General Laws 43-3-6
  • Quorum: The number of legislators that must be present to do business.
  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
  • Trust account: A general term that covers all types of accounts in a trust department, such as estates, guardianships, and agencies. Source: OCC
  • Trustee: A person or institution holding and administering property in trust.