SB 139 Summary

• Amends Arkansas Scholarship Lottery Act definitions to clarify that "compensation" does not apply to retirement compensation calculations under § 23-115-304.

• Specifies that Arkansas Lottery Commission employees' retirement compensation includes only base salary and excludes multipliers or special salary allowances authorized by the General Assembly.

• Redefines "compensation" under the Arkansas Public Employees' Retirement System to include only base salary, excluding multipliers and special salary allowances, while specifying certain bonuses, lump-sum payments, and career service recognition payments are considered recurring remuneration.

• Limits consideration of bonus or lump-sum payments to compensation during the final year of employment to the lesser of 5% of current year's salary or the amount received during the previous year.

• Declares an emergency effective date to immediately clarify compensation definition for the state retirement system.