HB1343
To Amend The Law Concerning Benefits Under The Arkansas Judicial Retirement System.
Last Action (May 5, 2025): Died in House Committee at Sine Die adjournment.
Sponsors
AI-Generated Summary
House Bill 1343 is a legislative act introduced in the 95th General Assembly of Arkansas aimed at amending the statutes governing the Arkansas Judicial Retirement System. The bill is framed as a foundational piece of legislation to update benefit structures for members of the judicial retirement system. While the provided text serves as a placeholder act, its stated purpose is specifically focused on adjustments to the retirement benefits applicable to judges participating in the system. The bill does not currently specify the nature or extent of the amendments, serving instead as a vehicle for future changes to the existing retirement framework. It is sponsored by Representative Warren and Senator J. Dotson.
Potential Impact Analysis
Who Might Benefit?
The primary beneficiaries of this bill would be the members of the Arkansas Judicial Retirement System, which includes judges and justices serving within the Arkansas court system, as any legislative adjustment to benefits would directly impact their future financial disbursements and retirement security.
Who Might Suffer?
The entities most likely to be negatively impacted would be the Arkansas state government and the taxpayers who fund the public retirement system, as any expansion of benefits or changes to the structure of the fund may require increased state financial contributions or potential adjustments to the long-term solvency requirements of the system.
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