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AR HB1224

Bill

Official Source

Status

Introduced

1/22/2019

Primary Sponsor

Michelle Gray

Click for details

Origin

House of Representatives

92nd General Assembly (2019 Regular)

AI Summary

  • Removes the effective date of July 1, 2011 from Arkansas Code § 24-7-502(a)(2)(A), making the termination rules apply going forward without a specific start date
  • Changes the timeframe for re-employment restrictions from six (6) calendar months to one hundred eighty (180) days after a member's effective date of retirement
  • Maintains restrictions preventing early termination for retirement eligibility if a member becomes employed with a system-covered employer in a position other than school bus driver or long-term/short-term substitute teacher and has not reached normal retirement age
  • Maintains the requirement that members must not have 38 or more years of combined credited service in the Arkansas Teacher Retirement System, Teacher Deferred Retirement Option Plan, or reciprocal service in another eligible state retirement system

Legislative Description

To Amend The Law Concerning Termination Of Employment For Purposes Of Retirement Eligibility Under The Arkansas Teacher Retirement System.

Last Action

WITHDRAWN BY AUTHOR

2/12/2019

Committee Referrals

Public Retirement & Social Security Programs1/23/2019

Full Bill Text

No bill text available