AR SB530

Reduces employer and carrier lien on third-party recovery from two-thirds (2/3) to one-half (1/2) of net proceeds after collection costs.

Changes compensation beneficiary minimum entitlement from one-third (1/3) to one-half (1/2) of third-party recovery after collection costs are deducted.

Establishes absolute lien rights for employers, carriers, and self-insured entities in any third-party settlement or judgment against tortfeasors.

Requires employers, carriers, or self-insured entities to notify claimants in writing of their right to hire a private attorney to pursue benefits in addition to subrogation interests.

Mandates that inactive workers' compensation claims must be dismissed without prejudice if no bona fide hearing request is filed within six months of claim filing.