Bill > HB1195

This bill amends the Arkansas Code to modify the timeline for municipal employees to decide whether to participate in the Arkansas Public Employees' Retirement System (APERS) or a local retirement plan. Currently, employees have 90 days after first assuming office to make this election. The bill expands this provision to allow employees to make this election within 90 days during their first term and any subsequent terms. Additionally, the bill provides a temporary provision that gives current employees an extra 90-day window from the act's effective date to make this election, without losing their right to choose during their first 90 days of a subsequent term. This change applies to all municipal employees, including mayors and city clerks of first-class cities, and aims to provide more flexibility in retirement plan selection. The bill ensures that employees retain their ability to opt out of APERS and into a local retirement plan, while giving them more opportunities to make this important financial decision throughout their municipal employment.

Labor and Employment

https://arkleg.state.ar.us/Bills/Detail?id=hb1195&ddBienniumSession=2025%2F2025R