HB1210

House Bill 1210 amends Arkansas law to formalize and standardize the transfer of funds from the Judges Retirement Fund and the State Police Retirement Fund to the Arkansas Public Employees' Retirement System (APERS). The bill clarifies that these funds are to be used for the administrative and management costs associated with these systems. Beginning July 1, 2027, the bill establishes a specific methodology for calculating these administrative costs based on a 50/50 weighted average of the system's pro-rata percentage of total invested assets and its pro-rata percentage of total membership. It outlines the procedural requirements for requesting and executing these transfers through the Chief Fiscal Officer of the State, the Treasurer of State, and the Auditor of State. The legislation ensures that expenses related to the administration of these retirement systems are appropriately covered by the funds they manage.