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HB 1210

RELATING TO EDUCATION.

2025 Regular Session Introduced by Shirley Templo

HB 1210 ensures stable funding for the Arkansas Judicial and State Police Retirement Systems by mandating annual transfers to support benefits and administrative costs.

Carried over to 2026 Regular Session.
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Bill Summary · HB 1210

Summary of House Bill 1210 (HB 1210)

Purpose and Intent

House Bill 1210 (HB 1210) aims to amend existing laws regarding the transfer of funds for the administration of the Arkansas Judicial Retirement System and the State Police Retirement System. The bill seeks to ensure that the necessary funds are allocated for the effective management and administration of these retirement systems.

Key Provisions

The bill includes several significant amendments to the Arkansas Code:

  1. Judges Retirement Fund:

    • Amends Arkansas Code § 19-5-914(c) to specify that funds from the Judges Retirement Fund will be used for:
      • Benefits for retirants and investment purposes.
      • Administrative costs of the Arkansas Judicial Retirement System.
    • Establishes a mechanism for transferring funds from the Judges Retirement Fund to the Arkansas Public Employees' Retirement System for administration.

  2. State Police Retirement Fund:

    • Amends Arkansas Code § 19-5-917(c) to clarify the uses of the State Police Retirement Fund, which includes:
      • Payment of personal services, operating expenses, investments, and benefits.
    • Similar to the Judges Retirement Fund, it allows for the transfer of funds to the Arkansas Public Employees' Retirement System for administrative purposes.

  3. Administrative Transfers:

    • Introduces a new section (Arkansas Code § 24-4-214) that mandates annual transfers from both the Judges Retirement Fund and the State Police Retirement Fund to the Arkansas Public Employees' Retirement System starting July 1, 2027.
    • The amount transferred will be based on a calculated percentage of the total administrative costs of the Arkansas Public Employees' Retirement System, using a weighted average of the respective retirement systems' total invested assets and membership.

Impact

  • Who is Affected:
    • This bill primarily affects the members and beneficiaries of the Arkansas Judicial Retirement System and the State Police Retirement System, as it ensures that adequate funding is available for their benefits and the administration of their retirement systems.
    • The Arkansas Public Employees' Retirement System will also be impacted as it will receive funds for managing these retirement systems.

Procedural Aspects

  • Legislative Timeline:
    • Introduced on January 23, 2025.
    • The bill has undergone several readings and was passed by both the House and Senate by February 17, 2025.
    • It was enrolled and transmitted to the Governor's Office on February 18, 2025, and subsequently became Act 130 on February 20, 2025.

Conclusion

HB 1210 is a legislative measure designed to streamline the financial management of the Arkansas Judicial and State Police Retirement Systems by ensuring that necessary funds are allocated for their administration. The bill reflects a commitment to maintaining the integrity and sustainability of these retirement systems for current and future beneficiaries.

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

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