SB176
To Amend The Law Concerning Administration Of The Arkansas State Highway Employees' Retirement System.
Last Action (Jan. 26, 2023): Sine Die adjournment
Sponsors
AI-Generated Summary
Senate Bill 176 is an act that seeks to amend existing Arkansas state laws regarding the administration of the Arkansas State Highway Employees' Retirement System (ASHERS). The bill provides a legislative framework for modifying the operational or administrative procedures governing the retirement system for state highway employees. As written, the text provided serves as a placeholder for technical or procedural adjustments to the management of these retirement benefits. The legislation focuses on the internal governance and regulatory oversight of the retirement fund.
Potential Impact Analysis
Who Might Benefit?
The primary beneficiaries of this bill are the current and retired employees of the Arkansas Department of Transportation who are covered by the Arkansas State Highway Employees' Retirement System. Additionally, the administrative board and staff of the retirement system benefit from clarified or updated legal guidelines that streamline the management and oversight of the pension fund.
Who Might Suffer?
There are no groups or entities directly identified as being negatively impacted by this legislation. Any potential negative impact would depend on the specific administrative changes introduced within the bill, which could theoretically include increased complexity in pension management or potential adjustments to policy that could affect participant benefits, though no such details are specified in the provided text.
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