AR HB1299

Increases the maximum aggregate allowances for special incentives to encourage early retirement under the Arkansas Teacher Retirement System from 1% to 5% of an institution's personnel costs per fiscal year.

Increases the maximum aggregate allowances for early retirement window incentives from 1% to 5% of an institution's personnel costs per fiscal year.

Both increases apply to the aggregate amount any institution can distribute during any fiscal year, calculated based on personnel costs from the preceding fiscal year.