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AR SB181

Bill

Official Source

Status

Introduced

1/24/2017

Primary Sponsor

Bill Sample

Click for details

Origin

Senate

91st General Assembly (2017 Regular)

AI Summary

  • Amends Arkansas Code § 24-11-804(a)(1) regarding administration of small firemen's relief and pension funds by the Arkansas Local Police and Fire Retirement System
  • Increases the member threshold for small funds from fewer than 5 members to fewer than 9 members
  • Mandates that local boards of trustees shall no longer exist for funds meeting this threshold
  • Requires affected funds to be designated as inactive by the employer

Legislative Description

To Amend The Law Concerning The Administration Of Certain Firemen's Funds By The Arkansas Local Police And Fire Retirement System.

Last Action

Sine Die adjournment

5/1/2017

Committee Referrals

Public Retirement & Social Security Programs1/24/2017

Full Bill Text

No bill text available