HB1184

House Bill 1184 amends the laws governing the Arkansas Teacher Retirement System (ATRS) to clarify the membership status of employees who enter into contracts with covered employers after the start of a fiscal year. Specifically, it allows the system to prorate the number of contracted days to determine whether a member should be classified as a contributory or noncontributory member. This amendment is intended to provide administrative clarity and ensure the system operates in accordance with actuarial requirements. The bill includes an emergency clause, necessitating an effective date of July 1, 2023, to align with the start of the fiscal year. The primary objective is to streamline the determination of member status for those hired mid-year.