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AR SB72

Bill

Official Source

Status

Introduced

1/17/2013

Primary Sponsor

Bill Sample

Click for details

Origin

Senate

89th General Assembly (2013 Regular)

AI Summary

  • Eliminates interest credit awards to members' deposit accounts in the Arkansas Local Police and Fire Retirement System beginning July 1, 2013
  • Continues regular interest credits to employer accumulation accounts and retirement reserve accounts as before
  • Removes reference to interest credits from accumulated contributions calculation when determining payouts to designated beneficiaries or estates of deceased retirants
  • Declares the changes an emergency measure effective upon gubernatorial approval, expiration of veto period, or veto override

Legislative Description

To Amend The Law Concerning Member Deposit Accounts Within The Arkansas Local Police And Fire Retirement System.

Last Action

Sine Die adjournment

5/17/2013

Committee Referrals

Public Retirement & Social Security Programs1/17/2013

Full Bill Text

No bill text available