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AR SB36
Bill
Status
2/28/2022
Primary Sponsor
Joint Budget Committee
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AI Summary
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Establishes maximum of 87 regular full-time employees for the Arkansas Teacher Retirement System for fiscal year 2022-2023, including positions ranging from ATRS Director (Grade SE04) to Maintenance Specialist (Grade GS03)
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Authorizes up to 20 part-time or temporary "Extra Help" employees at rates not exceeding those in the Uniform Classification and Compensation Act
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Appropriates $243,373,593 from the Teacher Retirement Fund for personal services and operating expenses, including $4,719,801 for regular salaries, $1,578,137 for personal services matching, and $200,000,000 for benefits
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Appropriates $1,706,000,000 from cash funds for benefit payments to non-employee beneficiaries ($1,700,000,000) and refunds/reimbursements ($6,000,000)
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Effective July 1, 2022; requires compliance with State Procurement Law, General Accounting and Budgetary Procedures Law, Revenue Stabilization Law, and other fiscal control laws
Legislative Description
An Act For The Arkansas Teacher Retirement System Appropriation For The 2022-2023 Fiscal Year.
Last Action
Notification that SB36 is now Act 72
2/28/2022