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AR SB153

Bill

Official Source

Status

Failed

4/27/2011

Primary Sponsor

Bill Sample

Click for details

Origin

Senate

88th General Assembly (2011 Regular)

AI Summary

  • Amends Arkansas Code § 24-4-601(d)(1) and (2) concerning straight life annuity provisions for the Arkansas Public Employees' Retirement System
  • Changes the age threshold for temporary annuity eligibility from sixty-two (62) to sixty-five (65) for members retiring before reaching social security's minimum retirement age
  • Temporary annuity equals 0.33% of final average compensation for each year of noncontributory credited service
  • Temporary annuity terminates upon the earliest of: member's death, attainment of social security minimum age, or attainment of age sixty-five (65)

Legislative Description

To Amend The Straight Life Annuity For The Arkansas Public Employees' Retirement System.

Last Action

Senate Sine Die adjournment

4/27/2011

Committee Referrals

Public Retirement & Social Security Programs1/26/2011

Full Bill Text

No bill text available