Stricken language would be deleted from and underlined language would be added to present law.
1 State of Arkansas As Engrossed: S3/28/23
2 94th General Assembly A Bill
3 Regular Session, 2023 SENATE BILL 179
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5 By: Senator K. Hammer
6 By: Representative Warren
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8 For An Act To Be Entitled
9 AN ACT TO AMEND PROVISIONS OF THE ARKANSAS PUBLIC
10 EMPLOYEES' RETIREMENT SYSTEM; TO CREATE AN ENHANCED
11 MULTIPLIER FOR CERTAIN LAW ENFORCEMENT MEMBERS OF THE
12 ARKANSAS PUBLIC EMPLOYEES' RETIREMENT SYSTEM; AND FOR
13 OTHER PURPOSES.
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16 Subtitle
17 TO CREATE AN ENHANCED MULTIPLIER FOR
18 CERTAIN LAW ENFORCEMENT MEMBERS OF THE
19 ARKANSAS PUBLIC EMPLOYEES' RETIREMENT
20 SYSTEM.
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23 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF ARKANSAS:
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25 SECTION 1. Arkansas Code § 24-4-601, concerning the straight life
26 annuity under the Arkansas Public Employees' Retirement System, is amended to
27 add an additional subsection to read as follows:
28 (e)(1) Beginning July 1, 2024, a member who retires as provided under
29 § 24-4-508 or §§ 24-4-510 — 24-4-512 shall receive a straight life annuity
30 enhancement for each year of credited service equal to twenty-five-hundredths
31 percent (0.25%) of the member's average compensation multiplied by the number
32 of years and fractions of years of actual service rendered as a certified law
33 enforcement officer, provided that:
34 (A) The certified law enforcement officer:
35 (i) Satisfied the training requirements established
36 by the Arkansas Commission on Law Enforcement Standards and Training under §
*LHR083* 03-28-2023 09:43:26 LHR083
 As Engrossed: S3/28/23 SB179
1 12-9-106; and
2 (ii) Was a certified law enforcement officer for
3 each year and partial year of actual service eligible for the enhanced
4 credit;
5 (B) Proof of eligibility for the enhanced credit is
6 provided by the person responsible for compiling the payroll for the
7 certified law enforcement officer; and
8 (C) Credited service earned before July 1, 2024, is not
9 eligible for the enhanced credit under this subdivision (e)(1).
10 (2) Beginning July 1, 2024, a member who qualifies for the
11 enhanced credit under subdivision (e)(1) of this section shall be responsible
12 for an additional one and twenty-five-hundredths of one percent (1.25%)
13 contribution of the member's annual compensation for the years and fractions
14 of years that the member qualifies.
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16 /s/K. Hammer
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2 03-28-2023 09:43:26 LHR083


Statutes affected:
Old version SB179 Original - 1-26-2023 04:27 PM: 24-4-601
Old version SB179 V2 - 3-28-2023 09:43 AM: 24-4-601
SB 179: 24-4-601