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Bill > SB148
AR SB148
AR SB148To Establish The Creating An Investment Opportunity For Early Childhood Workers Act Of 2025.
summary
Introduced
01/30/2025
01/30/2025
In Committee
04/01/2025
04/01/2025
Crossed Over
04/02/2025
04/02/2025
Passed
04/09/2025
04/09/2025
Dead
Signed/Enacted/Adopted
04/14/2025
04/14/2025
Introduced Session
95th General Assembly (2025 Regular)
Bill Summary
AN ACT CONCERNING THE MEMBERSHIP OF THE ARKANSAS TEACHER RETIREMENT SYSTEM; TO ESTABLISH THE CREATING AN INVESTMENT OPPORTUNITY FOR EARLY CHILDHOOD WORKERS ACT OF 2025; AND FOR OTHER PURPOSES.
AI Summary
This bill establishes the Creating an Investment Opportunity for Early Childhood Workers Act of 2025, which provides a voluntary mechanism for early childhood workers to participate in the Arkansas Teacher Retirement System (ATRS). The bill defines an "early childhood worker" as someone providing teaching, early childcare education, or supervision at a licensed childcare facility, employed by a licensed childcare provider that receives state or federal child care funding. A single nonprofit fiscal agent approved by the ATRS Board of Trustees can facilitate voluntary participation in the retirement system. Importantly, membership is not mandatory, and early childhood workers will not receive state contributions or matching funds. The bill amends existing Arkansas law to expand the definition of "employment with a school" to include these early childhood workers, allowing them to potentially invest in the retirement system. The legislative intent is to create an optional retirement investment pathway for early childhood workers without requiring additional state expenditures, giving these workers a new financial planning opportunity while maintaining flexibility in their participation.
Committee Categories
Labor and Employment
Sponsors (2)
Last Action
Notification that SB148 is now Act 587 (on 04/14/2025)
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