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HB 1120

AN ACT FOR THE ARKANSAS PUBLIC EMPLOYEES RETIREMENT SYSTEM APPROPRIATION FOR THE 2025-2026 FISCAL YEAR.

2025 Regular Session

HB 1120 allocates $867 million to the Arkansas Public Employees Retirement System, ensuring timely benefits and operational support for public employees and their beneficiaries.

Notification that HB1120 is now Act 85
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Bill Summary · HB 1120

Summary of HB 1120: Arkansas Public Employees Retirement System Appropriation for Fiscal Year 2025-2026

Purpose and Intent

House Bill 1120 (HB 1120) aims to appropriate funds for the Arkansas Public Employees Retirement System (APERS) for the fiscal year ending June 30, 2026. The bill is designed to ensure that APERS has the necessary financial resources to cover personal services, operating expenses, and benefits for public employees and their beneficiaries.

Key Provisions

The bill includes several critical sections that outline appropriations for various operational and benefit-related expenses:

1. Regular Salaries

  • Establishes a maximum number of regular employees for APERS, detailing various positions and their corresponding salary grades.

2. Extra Help

  • Authorizes up to six temporary or part-time employees as needed, with pay rates adhering to the Uniform Classification and Compensation Act.

3. Appropriations for Operations

  • Total Appropriation: $142,735,572 for personal services and operating expenses, which includes:
    • Regular Salaries: $4,769,661
    • Extra Help: $75,000
    • Personal Services Matching: $1,685,938
    • Maintenance & General Operations: $2,137,473
    • Professional Fees: $2,000,000
    • Benefits for Non-Employees: $40,000,000
    • Refunds/Reimbursements: $85,000,000
    • Data Processing Services: $7,000,000

4. Appropriations for Cash Payments

  • Total Appropriation: $725,000,000 for cash payments to beneficiaries, which includes:
    • Benefits: $675,000,000
    • Refunds/Reimbursements: $50,000,000

5. State Police and Judicial Retirement Systems

  • Specific appropriations for the State Police Retirement System and Judicial Retirement System are also included, ensuring operational expenses and benefits are funded adequately.

6. Special Language Provisions

  • Allows for a transfer of up to $150,000 from the Judges Retirement Fund to APERS for administrative costs incurred in managing the Judicial Retirement System.

Impact

The passage of HB 1120 ensures that APERS can continue to operate effectively, providing necessary services and benefits to Arkansas public employees and their beneficiaries. The appropriations outlined in the bill will support the salaries of APERS staff, cover operational costs, and facilitate timely payments to retirees and beneficiaries.

Legislative Timeline

  • Introduced: January 14, 2025
  • Passed: February 11, 2025
  • Notification of Act: February 13, 2025 (now known as Act 85)
  • Emergency Clause Adopted: February 11, 2025, allowing for immediate implementation of the bill's provisions.

Conclusion

HB 1120 is a crucial piece of legislation that secures funding for the Arkansas Public Employees Retirement System for the upcoming fiscal year. By ensuring adequate resources are available, the bill supports the state's commitment to its public employees and their retirement benefits.

Compiled from official sources — confirm details with the bill’s official record.

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