AR SB91

Establishes a maximum of 104 regular employees for the Arkansas Teacher Retirement System for fiscal year 2014-2015, with the Director earning $174,812 and Deputy Director earning $111,782.

Authorizes up to 16 part-time or temporary employees ("Extra Help") to be paid at rates not exceeding those in the Uniform Classification and Compensation Act.

Appropriates $453,907,612 from the Teacher Retirement Fund for personal services and operating expenses, including $4,575,092 for regular salaries, $344,000,000 for benefits, and $75,000,000 for discount buyout plan.

Appropriates $906,000,000 from cash funds for non-employee benefits payments ($900,000,000) and refunds/reimbursements ($6,000,000).

Appropriates $500,000 for property renovation and maintenance expenses and declares an emergency effective date of July 1, 2014.