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AR HB1268

AR HB1268
To Allow A Public Transit Authority To Become A Participating Public Employer And For Its Employees To Become Members Of The Arkansas Public Employees' Retirement System.


summary

Introduced
01/27/2025
In Committee
03/04/2025
Crossed Over
03/05/2025
Passed
03/31/2025
Dead
Signed/Enacted/Adopted
04/03/2025

Introduced Session

95th General Assembly (2025 Regular)

Bill Summary

AN ACT TO ALLOW A PUBLIC TRANSIT AUTHORITY TO BECOME A PARTICIPATING PUBLIC EMPLOYER AND FOR ITS EMPLOYEES TO BECOME MEMBERS OF THE ARKANSAS PUBLIC EMPLOYEES' RETIREMENT SYSTEM; AND FOR OTHER PURPOSES.

AI Summary

This bill modifies the Arkansas Public Employees' Retirement System (APERS) statutes to allow public transit authorities to become participating public employers and enable their employees to become members of the retirement system. Specifically, the bill adds "employees of a public transit authority" to the existing list of "nonstate employees" who can participate in APERS, and includes "a public transit authority" in the definition of "participating public employers". The bill also adds a new definition for "public transit authority" as a public governmental entity formed under the Public Transit System Act that has elected to participate in APERS through a majority vote of its board of directors. This change provides public transit authority employees with the opportunity to join the state's public employee retirement system, which can help with employee recruitment, retention, and retirement benefits. The modifications are technical in nature and expand the scope of APERS to include another category of public sector workers.

Committee Categories

Labor and Employment

Sponsors (2)

Last Action

Notification that HB1268 is now Act 450 (on 04/03/2025)

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