WeVote
Log In

Bill

Bill

HB 1362

SERVICE MEMBER EMPLOYMENT-COMP

104th Regular Session Introduced by Chris Balkema and 10 co-sponsors

HB 1362 clarifies and updates Arkansas retirement laws, streamlining governance for public employees' pensions, ensuring efficiency and eliminating outdated provisions.

Public Act . . . . . . . . . 104-0176
0
WeVote Research Nonpartisan
Bill Summary · HB 1362

Summary of House Bill 1362 (HB 1362)

Purpose and Intent

House Bill 1362 (HB 1362) aims to make technical corrections to Title 24 of the Arkansas Code, specifically concerning retirement and pensions. The bill seeks to clarify language, repeal obsolete provisions, and ensure that the Arkansas Public Employees’ Retirement System operates under updated guidelines.

Key Provisions

The bill includes several important amendments and repeals:

  1. Creation of Executive Director Position:

    • Amends Arkansas Code § 24-4-104(d)(2) to formally establish the title of the executive administrative officer of the Arkansas Public Employees’ Retirement System as the "Executive Director."
    • The Executive Director will serve as the ex officio secretary of the board but will not have voting rights.

  2. Repeal of Obsolete Rules:

    • Repeals Arkansas Code § 24-10-107(b), which mandated that certain rules be adopted by May 1, 2004, as it is now considered outdated.

  3. Repeal of Duplicative Code:

    • Repeals Arkansas Code § 24-11-429, which is already codified at § 14-52-106, thus eliminating redundancy in the legal framework.

  4. Legislative Intent:

    • Clarifies that the enactment of this act does not repeal any acts passed during the regular session of the Ninety-Fifth General Assembly.
    • Establishes that conflicts between this act and other acts will be resolved in favor of the latter.

Affected Parties

  • Public Employees: The bill primarily impacts employees covered under the Arkansas Public Employees’ Retirement System by clarifying the governance structure and ensuring that the retirement system operates efficiently.
  • Legislators and Legal Framework: The bill affects how retirement and pension laws are codified and interpreted within the Arkansas legal system.

Procedural Timeline

  • Introduced: January 31, 2025
  • Committee Actions:
    • Reported from the Judiciary Committee (JHA) with amendments on February 13, 2025.
    • Passed the second reading and referred to the Finance Committee (FIN).
  • Final Actions:
    • Read and passed the third time on February 20, 2025.
    • Correctly enrolled and transmitted to the Governor's Office on February 20, 2025.
    • Became Act 178 on February 25, 2025.

Conclusion

HB 1362 is a legislative measure designed to streamline and clarify the legal framework governing retirement and pensions in Arkansas. By making technical corrections, the bill aims to enhance the efficiency and clarity of the Arkansas Public Employees’ Retirement System, ultimately benefiting public employees and the state's governance structure.

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

Sign in to ask a question.