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AR HB1124
Bill
Status
3/11/2013
Primary Sponsor
Allen Kerr
Click for details
AI Summary
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Amends Arkansas Code § 24-5-101(13) to redefine "prorate" using a ratio calculation of years of service credit with the Arkansas State Highway Employees' Retirement System divided by total years of service with all reciprocal systems listed in § 24-2-401.
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Changes Arkansas Code § 24-5-125(c)(4) to make benefit proration mandatory ("shall prorate") rather than discretionary ("may prorate") for all members retiring after the effective date of this act.
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Adds new subsection (e) to Arkansas Code § 24-5-125 requiring members from reciprocal systems to continue receiving their current benefits under this section.
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Declares an emergency for the effective date of the act.
Legislative Description
To Amend The Eligibility Requirements For Benefits Relating To The Health Care Offset For Members Of The Arkansas State Highway Employees' Retirement System; And To Declare An Emergency.
Last Action
Notification that HB1124 is now Act 309
3/11/2013