Loading chat...
AR HB1184
Bill
Status
2/14/2023
Primary Sponsor
John Maddox
Click for details
AI Summary
-
Amends Arkansas Code § 24-7-406(e)(3)(E) to allow the Arkansas Teacher Retirement System to prorate contracted days for members who enter into employment contracts with covered employers after the start of the fiscal year.
-
Enables the system to determine whether mid-year contract members should be classified as contributory or noncontributory members based on prorated contracted days.
-
Allows noncontributory members to make an election under existing provisions regarding their membership status.
-
Declares an emergency and sets the effective date as July 1, 2023, to align with the beginning of the fiscal year (July 1 to June 30).
-
Approved February 13, 2023.
Legislative Description
To Amend The Law Concerning The Membership Status Of Certain Members Of The Arkansas Teacher Retirement System; And To Declare An Emergency.
Last Action
Notification that HB1184 is now Act 52
2/14/2023