Chapter 3702 of the Public Laws, 1956, entitled
"An act to provide for the retirement of police officers of the Town
of Coventry," as amended, is hereby repealed in its entirety.
(P.L. 1970, Ch. 229, § 1)
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The following words and phrases as used herein
shall have the following meanings:
1. "Plan" shall mean the system of providing retirement
benefits incorporated in this act as now written or as hereafter amended.
2. "Effective date" shall mean the date of enactment
by the general assembly with respect to the plan contained herein.
3. "Town" shall mean the Town of Coventry, Rhode Island,
a municipality.
4. "Employee" shall mean a full-time permanent police
officer, chief of police or deputy chief of police appointed by the
Town of Coventry pursuant to the provisions of chapter 2208 of the
Public Laws, 1949. A person is deemed to be a full-time employee only
if he regularly works the required hours for a full workweek during
the entire calendar year and has received his permanent appointment.
5. "Pension fund" shall mean the property from time to
time held under this plan.
6. "Pension committee" shall mean the committee provided
for in section 10.
7. "Member" shall mean an employee who becomes a participant
in the plan, but shall not include any former employee whose service
with the town has terminated.
8. "Beneficiary" shall mean the person or persons designated
by a member or otherwise entitled to receive any amounts payable hereunder
on account of the death of a member, a retired member, or a terminated
member.
9. "Annual salary" shall mean a member's annual earnings
each year, including basic salary and overtime payments.
10. "Highest annual salary" shall mean the highest annual
salary paid to an employee during any twelve-month period in the five
years preceding his retirement.
11. "Continuous service" will be considered broken under
the following conditions, but no service will be credited for any
purpose of the plan during such periods:
(b) Employment for the town in a category not defined
as "employee."
(c) Military service except as provided in subsection
16 of section 3 hereof.
(d) Temporary suspension from duties.
12. "Anniversary date" shall mean March 1 of any year
after the date of enactment by the general assembly.
13. "Trustee" shall mean a bank or trust company appointed
at any time to hold the pension fund in trust.
14. "Plan year" shall mean a continuous period of 12 months
beginning on March 1 of any year after the date of enactment by the
general assembly.
15. "Act" shall mean any act of the general assembly intended
to implement this plan.
16. "Authorized military leave of absence" means the required
period of service in the armed forces of the United States, provided
that the employee left the employment of the town in order to enter
into such military service and returned to the employment of the town
within the period entitling him to re-employment rights under federal
laws.
(P.L. 1970, Ch. 229, § 2)
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