HB1139

House Bill 1139 is an appropriation act that provides funding for the Arkansas Public Employees Retirement System (APERS) for the 2023-2024 fiscal year. It establishes the maximum number of regular and part-time staff positions for the agency, totaling 79 regular employees and 6 extra-help positions. The bill authorizes specific expenditures for personal services, operating expenses, and benefit payments for APERS, the State Police Retirement System, and the Judicial Retirement System. It also outlines procedures for inter-fund transfers between these pension systems to cover administrative costs and system implementation expenses. Additionally, the bill includes special language granting APERS a limited exemption from prior review by the Arkansas Legislative Council for certain budgetary adjustments related to payment methods. The total appropriations cover both operational costs and the direct payment of retirement benefits and refunds to beneficiaries.