HB1349
To Amend The Law Concerning Benefits Under The Arkansas Teacher Retirement System.
Last Action (May 5, 2025): Died in House Committee at Sine Die adjournment.
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AI-Generated Summary
House Bill 1349 is a placeholder or enabling bill introduced in the 95th Arkansas General Assembly. Its stated purpose is to amend existing laws regarding the benefits provided by the Arkansas Teacher Retirement System (ATRS). As currently drafted, the bill text does not specify the particular changes, additions, or reductions to retirement benefits, as it serves as a vehicle for future legislative amendments. The bill aims to modify the regulatory framework governing the pension system for educators and related school personnel in Arkansas.
Potential Impact Analysis
Who Might Benefit?
The primary beneficiaries would be members of the Arkansas Teacher Retirement System, including active teachers, school administrators, and other support staff, as well as current retirees and their survivors who rely on the fund for financial support, depending on the specific nature of the amendments introduced later.
Who Might Suffer?
The groups most potentially impacted would be Arkansas taxpayers or school districts if the amendments lead to increased contribution requirements or unfunded liabilities, or conversely, current or future retirees if the amendments result in a reduction or restructuring of defined benefits.
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