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AR SB127
Bill
Status
3/22/2011
Primary Sponsor
Johnny Key
Click for details
AI Summary
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Amends Arkansas Code § 24-4-402(b) and (c) to require state employers to make contributions based on compensation for both active members and retired members who have returned to work under § 24-4-520
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Extends the same contribution requirement to all participating public employers other than the state, based on their employees' compensation for active and retired members who have returned to work
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Contributions from both state and local government employers continue to be credited to their respective employers' accumulation accounts when paid into the Arkansas Public Employees' Retirement System Fund
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Contribution rates remain subject to determination by the Board of Trustees of the Arkansas Public Employees' Retirement System as provided under § 24-2-701
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Takes effect on January 1, 2012
Legislative Description
To Provide That Employers In The Arkansas Public Employees' Retirement System Must Make Contributions For Both Active And Retired Members Who Have Returned To Work.
Last Action
Senate Notification that SB127 is now Act 558
3/22/2011