HB1063

House Bill 1063 is an appropriations act that establishes the budget and staffing authorization for the Arkansas Public Employees Retirement System (APERS) for the fiscal year ending June 30, 2027. The bill authorizes a maximum of 78 regular employees and 6 extra-help employees for the agency. It allocates funding across several categories, including regular salaries, operating expenses, professional fees, data processing, and benefits disbursements. The bill provides appropriations for the primary APERS fund, as well as specific appropriations for the State Police Retirement System and the Judicial Retirement System, both of which are administered by APERS. Additionally, the bill includes special language authorizing internal fund transfers between the judicial, state police, and general retirement funds to cover administrative and system maintenance costs. Finally, the bill grants APERS a limited exemption from prior review by the Legislative Council or Joint Budget Committee for specific benefit-related line-item transfers.