AR SB201

Member contributions to the Arkansas State Highway Employees' Retirement System remain at 6% of salary or wages, deducted from payroll beginning July 1, 2019.

Board of Trustees gains authority to adjust member contribution rates based on actuarial recommendations, with a maximum of 7% and increases capped at 0.5% per year.

Employer contribution rate changes from a fixed 12.9% match to a flexible percentage rate determined by the Board of Trustees with actuarial input, ranging between 12.9% and 14.9% of employee compensation.

An emergency clause declares the law effective July 1, 2019, citing the retirement system's unfunded actuarial accrued liability exceeding the standard 30-year amortization period.