AR HB1310

Public school employers shall pay the employer contribution rate up to 14%, with any additional employer contributions up to 15% paid from state-appropriated funds to the Department of Education.

Changes the funding source for employer contributions exceeding 14% from public school budgets to state appropriations designated specifically for Arkansas Teacher Retirement System payments.

Effective date set for July 1, 2019, to align with the start of the fiscal year for proper administration of the Arkansas Teacher Retirement System.

Emergency clause declares the revision necessary for actuarial purposes, protection of member benefits, and maintenance of an orderly benefits system.