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AR HB1210
Bill
Status
2/20/2025
Primary Sponsor
Les Warren
Click for details
AI Summary
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Beginning July 1, 2027, the Judges Retirement Fund and State Police Retirement Fund must transfer money annually to the Arkansas Public Employees' Retirement System (APERS) to cover costs of administering those retirement systems
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Transfer amounts are calculated using a 50/50 weighted average of each system's pro-rata share of total invested assets and total membership across all three retirement systems
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All transfers require approval from the Chief Fiscal Officer of the State and must be recorded by the Chief Fiscal Officer, Treasurer of State, and Auditor of State
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Administrative costs for the Arkansas Judicial Retirement System will now be paid directly from the Judges Retirement Fund without requiring prior board authorization for each expense
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Approved February 20, 2025 as Act 130 of the Regular Session
Legislative Description
To Amend The Laws Concerning Transfer Of Funds For The Costs Of Administering The Arkansas Judicial Retirement System And The State Police Retirement System.
Last Action
Notification that HB1210 is now Act 130
2/20/2025