HB1268

House Bill 1268 amends the Arkansas Code to permit public transit authorities to participate in the Arkansas Public Employees' Retirement System (APERS). The bill updates the definitions of 'nonstate employees' and 'participating public employer' to specifically include employees of public transit authorities. It also defines 'public transit authority' as a public governmental entity formed under the Public Transit System Act. Participation is contingent upon a majority vote by the transit authority's board of directors. Once a transit authority elects to participate, its employees become eligible for membership in the APERS pension system.