AR SB95

Establishes 87 maximum regular employees for the Arkansas Teacher Retirement System for fiscal year 2019-2020, including positions ranging from Director (Grade SE04) to Maintenance Specialist (Grade GS03).

Authorizes up to 20 part-time or temporary "Extra Help" employees at rates not exceeding those provided in the Uniform Classification and Compensation Act.

Appropriates $247,889,224 from the Teacher Retirement Fund for personal services and operating expenses, including $4,396,668 for regular salaries, $200,000,000 for benefits, and $15,000,000 for a discount buyout plan.

Appropriates $1,506,000,000 from cash funds for benefit payments to non-employee beneficiaries ($1,500,000,000) and refunds/reimbursements ($6,000,000).

Declares an emergency effective July 1, 2019, to ensure continuity of the agency's operations and benefit distribution to retirees.