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AR HB1352
Bill
Status
3/8/2021
Primary Sponsor
Les Warren
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AI Summary
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Adds the Arkansas Public Employees' Retirement System as a "claimant agency" under Arkansas Code § 26-36-303(1)(A), enabling it to participate in state tax refund setoff procedures.
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Defines any overpayment of a monthly benefit or lump sum from the Arkansas Public Employees' Retirement System as a "debt" eligible for collection through state tax refund setoffs under Arkansas Code § 26-36-303(2).
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Declares an emergency clause, making the act effective immediately upon gubernatorial approval, expiration of veto period, or veto override to allow prompt collection of system debts and overpayments.
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Establishes that unrecovered debts or overpayments are ultimately borne by system members and that the Board of Trustees has a fiduciary duty to recoup such amounts.
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Bill approved by Governor on March 8, 2021.
Legislative Description
Concerning The Collection Of Debts And Overpayments By The Arkansas Public Employees' Retirement System; To Amend The Definition Of "claimant Agency" And "debt"; And To Declare An Emergency.
Last Action
Notification that HB1352 is now Act 281
3/8/2021