SB161
To Amend The Law Concerning Benefits Under The State Police Retirement System.
Last Action (Jan. 26, 2023): Sine Die adjournment
Sponsors
AI-Generated Summary
Senate Bill 161 is a legislative proposal intended to amend the laws governing the State Police Retirement System in Arkansas. The bill's primary objective is to modify the benefit structure provided to members of this retirement system. As currently drafted, the bill functions as a placeholder or framework legislation, indicating an intent to change retirement benefits without specifying the exact nature of the adjustments. Further legislative proceedings would be required to define the specific amendments, such as changes to eligibility, contribution rates, or payout amounts.
Potential Impact Analysis
Who Might Benefit?
The primary beneficiaries of this bill would be members of the Arkansas State Police Retirement System, including active-duty state troopers and retired officers who may receive enhanced or modified retirement benefits as a result of these legislative changes.
Who Might Suffer?
The primary entity negatively impacted would be the Arkansas state government budget, specifically the funding pool for the State Police Retirement System, as any increase in retirement benefits would necessitate additional financial contributions or changes to the system's long-term fiscal solvency.
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