Loading chat...
AR SB219
Bill
Status
4/2/2019
Primary Sponsor
Eddie Cheatham
Click for details
AI Summary
-
Reduces spousal eligibility requirement for Option B50 annuity designees from one (1) year to six (6) months of marriage immediately preceding the first payment due date.
-
Reduces spousal eligibility requirement for Option B75 annuity designees from one (1) year to six (6) months of marriage immediately preceding the first payment due date.
-
Changes surviving spouse eligibility for benefits upon member death before retirement from one (1) year to six (6) months of marriage immediately preceding the member's death.
-
Applies all changes retroactively to January 1, 2017.
Legislative Description
To Amend The Law Concerning Annuity Options; And To Amend The Law Concerning The Payment Of Benefits To A Surviving Spouse After The Death Of A Member Of The Arkansas Public Employees' Retirement System.
Last Action
Notification that SB219 is now Act 625
4/2/2019