AR HB1195

Extends the 90-day election window for municipal employees to opt out of the Arkansas Public Employees' Retirement System (APERS) and choose a local retirement plan to apply during both first and subsequent terms of office, not just the first term

Requires written notice of the election to opt out of APERS be submitted in a system-approved form within 90 calendar days of assuming office

Provides a one-time 90-day grace period from the act's effective date for current employees, including mayors and city clerks of first-class cities, to make the election to participate in a local retirement plan instead of APERS

Clarifies that using the temporary grace period does not disqualify employees from exercising their opt-out right during the first 90 days of any subsequent term