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SB 162

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2025-2026 Regular Session Introduced by Chuck Hufstetler and 4 co-sponsors

Senate Bill 162 aimed to revise credited service rules for Arkansas judges, impacting their retirement benefits and financial security, but it died in committee.

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Bill Summary · SB 162

Summary of Senate Bill 162 (SB 162)

Bill Overview

  • Bill Number: SB 162
  • Title: To Amend the Law Concerning Credited Service Under the Arkansas Judicial Retirement System
  • Introduced: January 30, 2025
  • Status: Died in Senate Committee at Sine Die adjournment
  • Classification: Legislative Bill

Purpose of the Bill

Senate Bill 162 aimed to amend existing laws related to credited service within the Arkansas Judicial Retirement System. The intent was to clarify or modify how credited service is calculated or recognized for judges and judicial employees, potentially impacting their retirement benefits.

Key Provisions

While the specific language of the amendments was not detailed in the provided text, the bill proposed to:
- Amend Credited Service Regulations: The bill sought to change the current regulations governing how credited service is accrued or recognized within the Arkansas Judicial Retirement System. This could involve adjustments to the duration of service required for retirement eligibility or the calculation of benefits based on service time.

Impact of the Bill

  • Judicial Employees: The primary group affected by this bill would be judges and other employees within the Arkansas Judicial Retirement System. Changes to credited service could influence their retirement planning and financial security.
  • State Budget Considerations: Depending on the nature of the amendments, there could be implications for the state budget regarding retirement funding and obligations.

Legislative Timeline

  • January 30, 2025: SB 162 was filed and read for the first time. The rules were suspended to allow for a second reading, after which it was referred to the Public Retirement & Social Security Programs Joint Committee.
  • May 5, 2025: The bill died in the Senate Committee at Sine Die adjournment, meaning it did not progress to further consideration or voting.

Conclusion

Senate Bill 162 was an attempt to revise the regulations surrounding credited service in the Arkansas Judicial Retirement System, with potential implications for judges and judicial employees. However, the bill did not advance past the committee stage and ultimately did not become law.

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

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