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AR SB185
Bill
Status
Passed
3/28/2017
Primary Sponsor
Bart Hester
Click for details
AI Summary
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Amends Arkansas Code § 24-7-505(b) to allow the Arkansas Teacher Retirement System board to extend, modify, or expand buyout plans for inactive members through board resolution.
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Declares an emergency based on the need for the retirement system to make immediate changes to maintain and improve its actuarial status.
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Bill becomes effective on the date of gubernatorial approval, the expiration of the gubernatorial veto period, or upon veto override by both houses.
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Approved by the Governor on March 24, 2017.
Legislative Description
To Modify Buyout Plans For Inactive Members Of The Arkansas Teacher Retirement System; And To Declare An Emergency.
Last Action
Notification that SB185 is now Act 647
3/28/2017
Committee Referrals
Public Retirement & Social Security Programs1/24/2017
Full Bill Text
No bill text available