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AR HB1028
Bill
Status
5/3/2016
Primary Sponsor
Joint Budget Committee
Click for details
AI Summary
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Establishes 82 regular full-time positions for the Arkansas Public Employees Retirement System for fiscal year 2016-2017, including 1 Director at $176,560 and 1 Deputy Director at $112,900
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Appropriates $142,454,535 to APERS operations including $3,846,258 for regular salaries, $1,299,659 for personal services matching, and $10,583,645 for professional fees
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Appropriates $500,000,000 from cash funds for retirement benefit payments to beneficiaries of the Public Employees Retirement System
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Appropriates $35,343,560 for State Police Retirement System operations and $35,000,000 for State Police benefit payments
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Appropriates $21,000,000 for the COMPASS Pension Administration System project to develop and implement new pension administration software for all retirement systems
Legislative Description
An Act For The Arkansas Public Employees Retirement System Appropriation For The 2016-2017 Fiscal Year.
Last Action
Notification that HB1028 is now Act 116
5/3/2016