AR HB1326

Makes technical corrections to Arkansas Teacher Retirement System (ATRS) definitions and procedures, including changes to "administrator," "education-related agency," and "nonteacher" definitions.

Modifies service credit purchase requirements and eligibility rules for out-of-state service, private school service, National Guard service, and domestic federal service.

Changes required distribution age from 70½ to 72 years old for ATRS members and adjusts lump-sum death benefit eligibility from 15 to 10 years of contributory service.

Updates terminology throughout the code (replacing "active membership" with "covered employment," "retirant" with "retiree") and clarifies settlement agreement procedures for wrongful termination or salary discrimination claims.

Declares an emergency effective July 1, 2021, and states the act makes only technical, not substantive, changes to Arkansas Code while not repealing regular session acts.