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AR SB135

Bill

Official Source

Status

Passed

4/19/2023

Primary Sponsor

Steve Crowell

Click for details

Origin

Senate

94th General Assembly (2023 Regular)

AI Summary

  • Increases the maximum duration of participation in the Local Police and Fire Deferred Retirement Option Plan from 7 years to 10 years for active paid service police officers and firefighters.

  • Applies the change to Arkansas Code § 24-10-706(a) governing the Local Police and Fire Retirement System.

  • Declares an emergency based on the complexity of state retirement systems and the need to meet membership needs and improve member benefits.

  • Becomes effective April 1, 2023.

  • Approved April 4, 2023.

Legislative Description

To Amend The Law Concerning The Duration Of Participation In The Local Police And Fire Deferred Retirement Option Plan; And To Declare An Emergency.

Last Action

Notification that SB135 is now Act 458

4/19/2023

Committee Referrals

Public Health, Welfare And Labor3/16/2023
Public Retirement & Social Security Programs1/26/2023

Full Bill Text

No bill text available