Rhode Island § 36-9-47 - Retirement System — Membership and Service Credits
Full text of Rhode Island Rhode Island General Laws § 36-9-47 — Retirement System — Membership and Service Credits, with citation guidance and answers to common questions.
§ 36-9-47. Retirement System — Membership and Service Credits
R.I. Gen. Laws § 36-9-47
§ 36-9-47. Purchase of service credits payable by installment.
Notwithstanding any other provisions of this chapter or of any other public or general law to the contrary, the retirement board shall permit individuals who purchase service credit to do so in installments. The retirement board shall create, by rule and regulation, provisions allowing that individuals purchasing service credit may do so on an installment plan by payroll deduction not to exceed five (5) years, provided that all purchases must be made prior to retirement. The retirement board shall charge interest at the actuarial assumed rate of return adopted by the board for purchases made on an installment plan.
History of Section.
P.L. 2001, ch. 193, § 2; P.L. 2001, ch. 269, § 2.
Source: official Rhode Island text · Last verified 2026-08-27
Frequently Asked Questions About Rhode Island § 36-9-47
What does Rhode Island General Laws § 36-9-47 cover?
Section 36-9-47 ("Retirement System — Membership and Service Credits") is part of the Rhode Island General Laws, the codified statutory law of Rhode Island. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Rhode Island § 36-9-47?
A common citation format is "Rhode Island General Laws § 36-9-47" (Rhode Island). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Rhode Island law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Rhode Island official source linked on this page or consult a licensed Rhode Island attorney.
How does Rhode Island § 36-9-47 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Rhode Island can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Rhode Island.