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AR SB118
Bill
Status
2/6/2013
Primary Sponsor
Robert Thompson
Click for details
AI Summary
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Boards of trustees of state-supported retirement systems shall establish rules and regulations to implement qualified domestic relations order provisions.
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Boards must adopt a uniform legal form for qualified domestic relations orders, subject to Legislative Council approval, for use with each retirement plan.
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State-supported retirement systems are not required to comply with qualified domestic relations orders that do not substantially follow the Legislative Council-approved uniform legal form.
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Makes technical corrections to Arkansas Code § 9-18-103(b) regarding qualified domestic relations orders to reach public employees' retirement benefits.
Legislative Description
To Allow A State-supported Retirement System To Require An Order To Substantially Comply With The Uniform Legal Form Of A Qualified Domestic Relations Order To Pay Benefits; And To Make Technical Corrections.
Last Action
Notification that SB118 is now Act 44
2/6/2013