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AR SB204
Bill
Status
3/16/2017
Primary Sponsor
Bill Sample
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AI Summary
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Amends Arkansas Code § 24-4-802(a)(1) to change the effective date for Deferred Retirement Option Plan participation eligibility to the first day of the second month following the system's determination of member eligibility.
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Declares an emergency to enable the Arkansas Public Employees' Retirement System to align its practices with current provisions and allow members to obtain benefits in a more time-efficient manner.
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Establishes immediate effective date upon Governor approval, expiration of the Governor's veto period if no action is taken, or override of a gubernatorial veto by the legislature.
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Approved by the Governor on March 15, 2017.
Legislative Description
To Amend The Law Concerning A Member's Eligibility For Participation In The Arkansas Public Employees' Retirement System Deferred Retirement Option Plan; And To Declare An Emergency.
Last Action
Notification that SB204 is now Act 502
3/16/2017