AR HB1050

Establishes 81 regular full-time employees for the Arkansas Public Employees Retirement System (APERS) for fiscal year 2022-2023, including director, deputy director, legal counsel, and various finance and benefits administration positions.

Authorizes up to 6 part-time or temporary "Extra Help" employees at rates not to exceed those provided in the Uniform Classification and Compensation Act.

Appropriates $141.76 million from the Arkansas Public Employees' Retirement System Fund for APERS operations, including $4.13 million in regular salaries, $40 million in employee benefits, $85 million in refunds/reimbursements, and $4 million in data processing services.

Appropriates $825 million in cash funds for benefit payments to public employees retirement beneficiaries ($775 million) and refunds/reimbursements ($50 million) for fiscal year 2022-2023.

Provides separate appropriations for State Police Retirement System ($30.29 million operations plus $32.5 million cash benefits) and Judicial Retirement System ($8.65 million operations plus $21 million cash benefits), with authorization for limited fund transfers between retirement systems for shared administrative costs.