AR HB1077

Establishes maximum of 81 regular employees for the Arkansas Public Employees Retirement System for fiscal year 2021-2022, with positions ranging from APERS Director (Grade SE04) to Administrative Specialist II (Grade GS03)

Authorizes up to 6 part-time or temporary "Extra Help" employees at rates of pay compliant with the Uniform Classification and Compensation Act

Appropriates $141,751,284 from the Arkansas Public Employees' Retirement System Fund for personal services and operating expenses, including $4,121,513 for regular salaries, $1,404,798 for personal services matching, and $5,000,000 for professional fees

Appropriates $825,000,000 from cash funds for benefit payments ($775,000,000) and refunds/reimbursements ($50,000,000) to retirement system beneficiaries

Appropriates funds for State Police Retirement System ($30,285,950 operations; $32,500,000 cash) and Judicial Retirement System ($8,652,879 operations; $21,000,000 cash), with special transfer provisions and authority for pension administration system purchases