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AR SB117
Bill
Status
3/14/2023
Primary Sponsor
Kim Hammer
Click for details
AI Summary
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Changes the effective date for Arkansas Teacher Retirement System termination rules from September 1, 2021 to July 1, 2023.
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Reduces the separation period required before a retired teacher can return to work from six (6) calendar months to the fourth full calendar month of the member's effective date of retirement.
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Allows retired teachers who have not reached normal retirement age to return to employment with covered employers sooner, intended to address teacher shortages in Arkansas.
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Declares an emergency clause to make the act effective July 1, 2023, aligning with the fiscal year beginning date for structured administration and actuarial purposes.
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Bill was approved on March 2, 2023.
Legislative Description
To Amend The Law Concerning The Termination Separation Period Under The Arkansas Teacher Retirement System; And To Declare An Emergency.
Last Action
Notification that SB117 is now Act 183
3/14/2023