The bill amends the titles of members of the Board of Trustees of the Arkansas State Highway Employees' Retirement System to better align with their respective positions, specifically changing the title of the Chief Engineer to "Chief Engineer Operations." Additionally, it revises the laws regarding survivor benefits under the retirement system, including provisions for the distribution of benefits upon the death of a member or retirant. Key changes include eligibility criteria for designated beneficiaries, the ability for members to change their beneficiaries, and the introduction of specific benefits for surviving spouses and non-spousal beneficiaries.

Significant deletions from the current law include the removal of certain provisions regarding the designation of beneficiaries and the eligibility for benefits based on the length of service. The bill also establishes an emergency clause, indicating that the amendments are urgently needed to ensure the effective operation of the retirement system, with an effective date set for July 1, 2023. This urgency underscores the importance of the changes for the proper administration of benefits for members of the system.

Statutes affected:
Old version HB1193 Original - 2-3-2023 08:38 AM: 24-5-104(b), 24-5-116, 24-5-115, 24-5-118(a), 24-5-118, 24-5-118(b)
Old version HB1193 V2 - 2-9-2023 09:32 AM: 24-5-104(b), 24-5-116, 02-09-2023, 24-5-115, 24-5-118(a), 24-5-118, 24-5-118(b)
HB 1193: 24-5-104(b), 24-5-116, 02-09-2023, 24-5-115, 24-5-118(a), 24-5-118, 24-5-118(b)
Act 105: 24-5-104(b), 24-5-116, 02-09-2023, 24-5-115, 24-5-118(a), 24-5-118, 24-5-118(b)