SB152
To Amend The Law Concerning Credited Service Under The Arkansas Teacher Retirement System.
Last Action (May 5, 2025): Died in Senate Committee at Sine Die adjournment.
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AI-Generated Summary
Senate Bill 152 is a legislative proposal introduced in the 95th Arkansas General Assembly to amend existing statutes governing credited service within the Arkansas Teacher Retirement System (ATRS). The bill serves as a shell or placeholder for future amendments related to how retirement service credits are calculated or accrued by members of the system. While the bill text identifies its purpose as amending these laws, it does not currently contain the specific technical changes or language that would alter current retirement policies. The ultimate impact of the bill will depend on the specific provisions added during the legislative process.
Potential Impact Analysis
Who Might Benefit?
The primary beneficiaries would be current and retired members of the Arkansas Teacher Retirement System, as any future changes to credited service laws would directly impact their retirement benefit calculations and eligibility requirements.
Who Might Suffer?
The Arkansas Teacher Retirement System as an institution or the state's taxpayer base could be negatively impacted if amendments increase the unfunded liability of the retirement fund or require increased employer contribution rates to remain solvent.
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