(a)  Subject to the provisions of §§ 45-21.4-2(b) and 45-21.4-3(b) being met, on December 31, 2019, the system shall be responsible for administering the Central Falls plan, including the administration of any supplemental payments as provided in § 45-21-67, and Central Falls shall transfer to the system the accumulated contributions of each member entering the system and any other assets of the Central Falls plan.

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Terms Used In Rhode Island General Laws 45-21.4-4

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.

(b)  Beginning January 1, 2020, all appropriations made pursuant to § 45-21-67 shall be appropriated to the system and disbursed by the system in accordance with § 45-21-67.

History of Section.
P.L. 2019, ch. 272, § 3; P.L. 2019, ch. 277, § 3.