Loading chat...

AR HB1358

Bill

Official Source

Status

Passed

3/20/2019

Primary Sponsor

Kenneth Bragg

Click for details

Origin

House of Representatives

92nd General Assembly (2019 Regular)

AI Summary

  • Amends Arkansas Code § 24-4-1102(a) regarding member contributions to the Arkansas Public Employees' Retirement System
  • Maintains member contributions at 5% of annual compensation, placed in the member's deposit account
  • Reduces the interest rate paid on accumulated member contributions from 4% to 2% per annum
  • Bill was approved on March 20, 2019

Legislative Description

Amending The Law On The Contribution Of Members Under The Arkansas Public Employees' Retirement System.

Last Action

Notification that HB1358 is now Act 526

3/20/2019

Committee Referrals

Public Retirement & Social Security Programs2/1/2019

Full Bill Text

No bill text available