§ 16-15-16 - Annual grant for teachers retiring prior to July 1, 1949.
SECTION 16-15-16
§ 16-15-16 Annual grant for teachersretiring prior to July 1, 1949. – (a) The general assembly shall annually appropriate a sum sufficient to pay anadditional annual retirement grant of two thousand dollars ($2,000) for apayment of a pension of not more than five thousand dollars ($5,000) annuallyto every retired teacher who qualified for either a pension or retirementbenefits under the provisions of this chapter, and who retired prior to July 1,1949.
(b) This grant shall be an annual state grant and shall be inaddition to any and all amounts being paid from any state pension or retirementsystem and in addition to any payments from a retirement or pension system ofany city or town.
(c) All money appropriated in accordance with the amendedprovisions of this chapter for the retired teachers shall be administered bythe department of elementary and secondary education.