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AR SB443
Bill
Status
10/15/2021
Primary Sponsor
Bob Ballinger
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AI Summary
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Appropriates $77,335,047 to the Arkansas Local Police and Fire Retirement System for fiscal year 2021-2022, payable from the Firemen's and Police Officers' Pension and Relief Fund
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Authorizes maximum of 9 regular employees including an Executive Director, Assistant Director, Chief Financial Officer, Retirement Coordinator, Accountant II, three Retirement Analysts, and an Administrative Specialist III
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Allocates $738,318 for regular salaries, $206,729 for personal services matching, $490,000 for maintenance and operations, and $68,400,000 for pension and relief funds
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Requires the Arkansas Fire and Police Pension Review Board to certify by June 15 of each fiscal year the funding amount recommended for distribution to under-funded municipal fire and police relief and pension plans
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Restricts distributed funds from being used to enhance benefits of pension program recipients and declares an emergency effective date of July 1, 2021
Legislative Description
An Act For The Arkansas Local Police And Fire Retirement System Appropriation For The 2021-2022 Fiscal Year.
Last Action
Died in Senate Committee at Sine Die adjournment.
10/15/2021