Clarifies that the three-year final average compensation provision for retiring members of the state police applies to the superintendent and all members eligible and who retire on or after July 1, 2024.

Plain-English Summary

This bill makes a clarification to how retirement benefits are calculated for Rhode Island State Police members, including the superintendent. Specifically, it addresses a rule about "final average compensation" — which is the method used to determine the salary figure that pension payments are based on. Under the provision being clarified, that calculation uses the average of a member's last three years of salary, rather than a shorter or longer period.

The bill makes clear that this three-year averaging rule applies to all eligible State Police members and the superintendent who retire on or after July 1, 2024. In other words, it removes any ambiguity about exactly who this rule covers and when it takes effect, ensuring the pension calculation method is applied consistently across the organization from that date forward.

This bill primarily affects Rhode Island State Police personnel who are approaching retirement or who retired on or after the July 1, 2024 effective date. It does not appear to change the underlying benefit formula itself — rather, it simply clarifies and confirms who the existing three-year rule applies to. The bill has been referred to the House Finance Committee for further review.