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AR HB1326

Bill

Official Source

Status

Passed

3/6/2025

Primary Sponsor

Les Warren

Click for details

Origin

House of Representatives

95th General Assembly (2025 Regular)

AI Summary

  • Expands early retirement allowance eligibility at public colleges and universities from tenured faculty only to include all faculty and staff members
  • Removes the requirement that early retirement incentives must "effect a net savings in personnel costs" as a prerequisite for offering the allowances
  • Eliminates the 5% cap on aggregate early retirement allowances per institution per fiscal year (previously limited to 5% of prior year personnel costs)
  • Updates retirement eligibility requirements to reference "any state-sponsored retirement program" instead of the specific Civil Service Retirement System
  • Declared an emergency effective March 6, 2025, to allow contract negotiations before the end of spring 2025 semester

Legislative Description

To Amend The Law Concerning Special Allowances To Encourage Early Retirement And Manage Early Retirement Window Incentives For Employees Of Institutions Of Higher Education; And To Declare An Emergency.

Last Action

Notification that HB1326 is now Act 249

3/6/2025

Committee Referrals

Public Retirement & Social Security Programs1/30/2025

Full Bill Text

No bill text available