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AR SB164

Bill

Official Source

Status

Passed

2/6/2017

Primary Sponsor

Bill Sample

Click for details

Origin

Senate

91st General Assembly (2017 Regular)

AI Summary

  • Amends Arkansas Code § 24-10-206 to specify that the Plan Administrator of the Arkansas Local Police and Fire Retirement System shall operate consistently with the Internal Revenue Code of 1986 and Treasury Regulations as they existed on January 1, 2011
  • Authorizes the Board of Trustees of the Arkansas Local Police and Fire Retirement System to promulgate rules and regulations consistent with federal tax requirements, notwithstanding any contrary language in the chapter
  • Requires that any rule or regulation found by a court to conflict with applicable Internal Revenue Code provisions be promptly corrected
  • Bill was approved on February 6, 2017

Legislative Description

To Amend The Law Concerning The Board Of Trustees Of The Arkansas Local Police And Fire Retirement System.

Last Action

Notification that SB164 is now Act 125

2/6/2017

Committee Referrals

Public Retirement & Social Security Programs1/23/2017

Full Bill Text

No bill text available