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AR SB222
Bill
Status
3/5/2019
Primary Sponsor
Eddie Cheatham
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AI Summary
SB222 Summary
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Restructures Arkansas Code § 24-7-406(e) to simplify and clarify the complex rules governing whether teachers contribute to the Arkansas Teacher Retirement System as contributory or noncontributory members without changing existing law.
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Reorganizes provisions concerning member election options, effective dates, and status changes based on employment contract length (180 vs. 181 days), member classification (active, inactive, new), and prior elections made since 1999.
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Retains all existing vested rights and election deadlines while providing a logical framework to prevent administrative confusion and reduce recordkeeping errors in tracking member contribution status.
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Declares an emergency, making the act effective July 1, 2019, to align implementation with the state's fiscal year and allow the retirement system to efficiently manage member records during the transition.
Legislative Description
To Amend The Law Concerning Member Contributions Under The Arkansas Teacher Retirement System; And To Declare An Emergency.
Last Action
Notification that SB222 is now Act 297
3/5/2019