Loading chat...

AR SB80

Bill

Status

Passed

2/17/2015

Primary Sponsor

Bill Sample

Click for details

Origin

Senate

90th General Assembly (2015 Regular)

AI Summary

  • State agencies employing Arkansas Public Employees' Retirement System members must report contributions electronically through the system portal beginning July 1, 2017.

  • State agencies must pay employer contributions by electronic transfer instead of state warrant or bank check, effective July 1, 2017.

  • Participating public employers in the Local Government Division must also make contributions by electronic transfer on or after July 1, 2017.

  • Public employers unable to comply with electronic reporting or payment requirements may submit a written request for temporary waiver to the Board of Trustees by July 1, 2017, including a timeline for compliance.

  • Reporting employers remain solely responsible for ensuring accuracy of all information provided to the system, including wage reporting and contribution remittances.

Legislative Description

To Require A State Agency That Is An Employer Of Members Of The Arkansas Public Employees' Retirement System To Make Contribution By Electronic Transfer And To Report Contributions Electronically.

Last Action

Notification that SB80 is now Act 91

2/17/2015

Committee Referrals

Public Retirement & Social Security Programs1/21/2015

Full Bill Text

No bill text available