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AR HB1333

Bill

Official Source

Status

Passed

4/12/2019

Primary Sponsor

Les Warren

Click for details

Origin

House of Representatives

92nd General Assembly (2019 Regular)

AI Summary

  • Amends Arkansas Code § 24-6-404 regarding voluntary retirement eligibility for State Police Retirement System members
  • Members with 5-30 years of credited service and age 65 may retire upon written application to the Board of Trustees
  • Members with 30 or more years of credited service may retire at any age upon written application
  • For members with less than 30 years of service, the age 65 requirement reduces by 0.75 months for each month of credited service, with a minimum retirement age of 55
  • Retirement application must specify the desired retirement date, which must be between 30-90 days after filing the application

Legislative Description

To Amend The Law Concerning Voluntary Retirement And Eligibility For Benefits Under The Tier Two Benefit Plan For The State Police Retirement System.

Last Action

Notification that HB1333 is now Act 950

4/12/2019

Committee Referrals

Public Retirement & Social Security Programs1/31/2019

Full Bill Text

No bill text available