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AR SB117
Bill
Status
4/27/2011
Primary Sponsor
Joyce Elliott
Click for details
AI Summary
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Amends Arkansas Code § 24-11-209(b) to modify conditions for municipal fire and police pension funds to receive financial assistance from the Arkansas Fire and Police Pension Guarantee Fund
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Requires municipal pension funds to apply in writing and obtain approval from the Arkansas Fire and Police Pension Review Board before receiving financial assistance
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Mandates that local funds must be receiving a dedicated millage of at least one (1) mill to be eligible for assistance from the Guarantee Fund
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Limits benefits, including refunds of active member contributions to terminating members, to the minimum amount provided by law for any benefits due after the local fund receives assistance
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Authorizes the Arkansas Fire and Police Pension Review Board to review the medical conditions of disability pension recipients and terminate benefits for those no longer deemed disabled
Legislative Description
To Amend The Statute Concerning The Arkansas Fire And Police Pension Guarantee Fund.
Last Action
Senate Sine Die adjournment
4/27/2011