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Act 79 of the Fiscal Session
1 State of Arkansas
2 94th General Assembly A Bill
3 Fiscal Session, 2024 HOUSE BILL 1073
4
5 By: Joint Budget Committee
6
7 For An Act To Be Entitled
8 AN ACT TO MAKE AN APPROPRIATION FOR PERSONAL SERVICES
9 AND OPERATING EXPENSES FOR THE ARKANSAS PUBLIC
10 EMPLOYEES RETIREMENT SYSTEM FOR THE FISCAL YEAR
11 ENDING JUNE 30, 2025; AND FOR OTHER PURPOSES.
12
13
14 Subtitle
15 AN ACT FOR THE ARKANSAS PUBLIC EMPLOYEES
16 RETIREMENT SYSTEM APPROPRIATION FOR THE
17 2024-2025 FISCAL YEAR.
18
19
20 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF ARKANSAS:
21
22 SECTION 1. REGULAR SALARIES. There is hereby established for the
23 Arkansas Public Employees Retirement System for the 2024-2025 fiscal year,
24 the following maximum number of regular employees.
25
26 Maximum Annual
27 Maximum Salary Rate
28 Item Class No. of Fiscal Year
29 No. Code Title Employees 2024-2025
30 (1) U014U APERS DIRECTOR 1 GRADE SE04
31 (2) U078U APERS DEPUTY DIRECTOR 1 GRADE SE01
32 (3) D015N APERS DIRECTOR OF INFORMATION TECHNO 1 GRADE IT10
33 (4) D006N STATE SYSTEMS ARCHITECT 1 GRADE IT10
34 (5) D030C INFORMATION SYSTEMS COORDINATOR 1 GRADE IT07
35 (6) D044C SYSTEMS ANALYST 1 GRADE IT05
36 (7) G042N APERS CHIEF LEGAL COUNSEL 1 GRADE GS14
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1 (8) A003N SENIOR INVESTMENT ANALYST 1 GRADE GS14
2 (9) N096N APERS ASST DIRECTOR OF FINANCE 1 GRADE GS13
3 (10) R003N APERS DIRECTOR OF BENEFITS ADMIN 1 GRADE GS13
4 (11) G037N APERS DIRECTOR OF OPERATIONS 1 GRADE GS13
5 (12) A027C ACCOUNTING OPERATIONS MANAGER 2 GRADE GS11
6 (13) R013C AGENCY HUMAN RESOURCES MANAGER 1 GRADE GS11
7 (14) R054C APERS BENEFITS OPERATIONS MGR 1 GRADE GS11
8 (15) G047C ATTORNEY SPECIALIST 1 GRADE GS11
9 (16) A052C ACCOUNTING COORDINATOR 1 GRADE GS09
10 (17) A034C RETIREMENT SECTION MANAGER 3 GRADE GS09
11 (18) A082C ACCOUNTANT II 10 GRADE GS08
12 (19) A066C INTERNAL AUDITOR 1 GRADE GS08
13 (20) A062C RETIREMENT COORDINATOR 5 GRADE GS08
14 (21) R024C ASSISTANT PERSONNEL MANAGER 1 GRADE GS07
15 (22) A079C INVESTMENT ANALYST 3 GRADE GS07
16 (23) A078C RETIREMENT COUNSELOR 15 GRADE GS07
17 (24) P031C MEDIA SPECIALIST 1 GRADE GS06
18 (25) P027C PUBLIC INFORMATION SPECIALIST 1 GRADE GS06
19 (26) A083C RETIREMENT ANALYST 9 GRADE GS06
20 (27) X115C SOCIAL SECURITY ANALYST 1 GRADE GS06
21 (28) C022C BUSINESS OPERATIONS SPECIALIST 1 GRADE GS05
22 (29) A091C FISCAL SUPPORT ANALYST 2 GRADE GS05
23 (30) C056C ADMINISTRATIVE SPECIALIST III 2 GRADE GS04
24 (31) A098C FISCAL SUPPORT SPECIALIST 4 GRADE GS04
25 (32) C073C ADMINISTRATIVE SPECIALIST II 3 GRADE GS03
26 MAX. NO. OF EMPLOYEES 79
27
28 SECTION 2. EXTRA HELP. There is hereby authorized, for the Arkansas
29 Public Employees Retirement System for the 2024-2025 fiscal year, the
30 following maximum number of part-time or temporary employees, to be known as
31 "Extra Help", payable from funds appropriated herein for such purposes: six
32 (6) temporary or part-time employees, when needed, at rates of pay not to
33 exceed those provided in the Uniform Classification and Compensation Act, or
34 its successor, or this act for the appropriate classification.
35
36 SECTION 3. APPROPRIATION - PUBLIC EMPLOYEES RETIREMENT OPERATIONS.
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1 There is hereby appropriated, to the Arkansas Public Employees Retirement
2 System, to be payable from the Arkansas Public Employees' Retirement System
3 Fund, for personal services and operating expenses of the Arkansas Public
4 Employees Retirement System for the fiscal year ending June 30, 2025, the
5 following:
6
7 ITEM FISCAL YEAR
8 NO. 2024-2025
9 (01) REGULAR SALARIES $4,483,068
10 (02) EXTRA HELP 75,000
11 (03) PERSONAL SERVICES MATCHING 1,635,794
12 (04) MAINT. & GEN. OPERATION
13 (A) OPER. EXPENSE 2,107,473
14 (B) CONF. & TRAVEL 67,500
15 (C) PROF. FEES 2,000,000
16 (D) CAP. OUTLAY 0
17 (E) DATA PROC. 0
18 (05) BENEFITS-NON EMPLOYEE 40,000,000
19 (06) REFUNDS/REIMBURSEMENTS 85,000,000
20 (07) DATA PROCESSING SERVICES 3,000,000
21 TOTAL AMOUNT APPROPRIATED $138,368,835
22
23 SECTION 4. APPROPRIATION - PUBLIC EMPLOYEES RETIREMENT CASH. There is
24 hereby appropriated, to the Arkansas Public Employees Retirement System, to
25 be payable from cash funds as defined by Arkansas Code 19-4-801, for payment
26 to beneficiaries by check or wire transfer, by the Arkansas Public Employees
27 Retirement System for the fiscal year ending June 30, 2025, the following:
28
29 ITEM FISCAL YEAR
30 NO. 2024-2025
31 (01) BENEFITS $675,000,000
32 (02) REFUNDS/REIMBURSEMENTS 50,000,000
33 TOTAL AMOUNT APPROPRIATED $725,000,000
34
35 SECTION 5. APPROPRIATION - STATE POLICE RETIREMENT OPERATIONS. There
36 is hereby appropriated, to the Arkansas Public Employees Retirement System,
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1 to be payable from the State Police Retirement Fund, for operating expenses
2 of the State Police Retirement System, by the Arkansas Public Employees
3 Retirement System for the fiscal year ending June 30, 2025, the following:
4
5 ITEM FISCAL YEAR
6 NO. 2024-2025
7 (01) MAINT. & GEN. OPERATION
8 (A) OPER. EXPENSE $20,000
9 (B) CONF. & TRAVEL 0
10 (C) PROF. FEES 265,950
11 (D) CAP. OUTLAY 0
12 (E) DATA PROC. 0
13 (02) BENEFITS-NON EMPLOYEE 5,000,000
14 (03) REFUNDS/REIMBURSEMENTS 25,000,000
15 TOTAL AMOUNT APPROPRIATED $30,285,950
16
17 SECTION 6. APPROPRIATION - STATE POLICE RETIREMENT CASH. There is
18 hereby appropriated, to the Arkansas Public Employees Retirement System, to
19 be payable from cash funds as defined by Arkansas Code 19-4-801, for payment
20 to beneficiaries of the State Police Retirement System by check or wire
21 transfer, by the Arkansas Public Employees Retirement System for the fiscal
22 year ending June 30, 2025, the following:
23
24 ITEM FISCAL YEAR
25 NO. 2024-2025
26 (01) BENEFITS $31,000,000
27 (02) REFUNDS/REIMBURSEMENTS 1,500,000
28 TOTAL AMOUNT APPROPRIATED $32,500,000
29
30 SECTION 7. APPROPRIATION - JUDICIAL RETIREMENT OPERATIONS. There is
31 hereby appropriated, to the Arkansas Public Employees Retirement System, to
32 be payable from the Judges Retirement Fund, for operating expenses of the
33 Judicial Retirement System, by the Arkansas Public Employees Retirement
34 System for the fiscal year ending June 30, 2025, the following:
35
36 ITEM FISCAL YEAR
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1 NO. 2024-2025
2 (01) MAINT. & GEN. OPERATION
3 (A) OPER. EXPENSE $12,000
4 (B) CONF. & TRAVEL 0
5 (C) PROF. FEES 140,879
6 (D) CAP. OUTLAY 0
7 (E) DATA PROC. 0
8 (02) BENEFITS-NON EMPLOYEE 1,250,000
9 (03) REFUNDS/REIMBURSEMENTS 7,250,000
10 TOTAL AMOUNT APPROPRIATED $8,652,879
11
12 SECTION 8. APPROPRIATION - JUDICIAL RETIREMENT CASH. There is hereby
13 appropriated, to the Arkansas Public Employees Retirement System, to be
14 payable from cash funds as defined by Arkansas Code 19-4-801, for payment to
15 beneficiaries of the Judicial Retirement System by check or wire transfer, by
16 the Arkansas Public Employees Retirement System for the fiscal year ending
17 June 30, 2025, the following:
18
19 ITEM FISCAL YEAR
20 NO. 2024-2025
21 (01) BENEFITS $20,750,000
22 (02) REFUNDS/REIMBURSEMENTS 250,000
23 TOTAL AMOUNT APPROPRIATED $21,000,000
24
25 SECTION 9. SPECIAL LANGUAGE. NOT TO BE INCORPORATED INTO THE ARKANSAS
26 CODE NOR PUBLISHED SEPARATELY AS SPECIAL, LOCAL AND TEMPORARY LAW. JUDICIAL
27 RETIREMENT FUND TRANSFERS. A sum not to exceed $150,000 in the 2023-2024
28 2024-2025 fiscal year may be transferred from the Judges Retirement Fund to
29 the Arkansas Public Employees' Retirement System Fund for costs incurred by
30 the Arkansas Public Employees Retirement System in administering the Judicial
31 Retirement System. Such transfer request shall be made to the Chief Fiscal
32 Officer of the State, and upon his approval, said transfer shall be made on
33 his books and those of the Treasurer of the State and the Auditor of the
34 State.
35 The provisions of this section shall be in effect only from July 1, 2023
36 2024 through June 30, 2024 2025.
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1
2 SECTION 10. SPECIAL LANGUAGE. NOT TO BE INCORPORATED INTO THE ARKANSAS
3 CODE NOR PUBLISHED SEPARATELY AS SPECIAL, LOCAL AND TEMPORARY LAW. STATE
4 POLICE RETIREMENT FUND TRANSFERS. A sum not to exceed $250,000 in the 2023-
5 2024 2024-2025 fiscal year may be transferred from the State Police
6 Retirement Fund to the Arkansas Public Employees' Retirement System Fund for
7 costs incurred by the Arkansas Public Employees Retirement System in
8 administering the State Police Retirement System. Such transfer request
9 shall be made to the Chief Fiscal Officer of the State, and upon his
10 approval, said transfer shall be made on his books and those of the Treasurer
11 of the State and the Auditor of the State.
12 The provisions of this section shall be in effect only from July 1, 2023
13 2024 through June 30, 2024 2025.
14
15 SECTION 11. SPECIAL LANGUAGE. NOT TO BE INCORPORATED INTO THE ARKANSAS
16 CODE NOR PUBLISHED SEPARATELY AS SPECIAL, LOCAL AND TEMPORARY LAW. EXEMPTION
17 FROM PRIOR REVIEW. The Arkansas Public Employees Retirement System is hereby
18 exempted from seeking prior review by the Arkansas Legislative Council or
19 Joint Budget Committee with regard to transfers between the Benefits and
20 Refund line items in the Public Employees Retirement Cash appropriation
21 section and the Benefits-Non Employee line item in the Public Employees
22 Retirement Operations appropriation section which are specifically related to
23 transfers necessitated by the changes in retirees' selection of the method of
24 payment of retirement benefits. All other provisions of Arkansas Code ยง19-4-
25 522 shall be applicable.
26 The provisions of this section shall be in effect only from July 1, 2023
27 2024 through June 30, 2024 2025.
28
29 SECTION 12. SPECIAL LANGUAGE. NOT TO BE INCORPORATED INTO THE ARKANSAS
30 CODE NOR PUBLISHED SEPARATELY AS SPECIAL, LOCAL AND TEMPORARY LAW. SPECIAL
31 STATE POLICE RETIREMENT FUND TRANSFERS. A sum not to exceed $50,000 may be
32 transferred from the State Police Retirement Fund to the Arkansas Public
33 Employees' Retirement System Fund to share in the costs incurred by the
34 Arkansas Public Employees Retirement System in the purchase and
35 implementation of a new pension administration system, which will be utilized
36 to administer State Police pension transactions for members and retirees.
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1 Said transfer shall sunset at the end of fiscal year 2024 2025. Such
2 transfer request shall be made to the Chief Fiscal Officer of the State, and
3 upon his approval, said transfer shall be made on his books and those of the
4 Treasurer of the State and the Auditor of the State.
5 The provisions of this section shall be in effect only from July 1, 2023
6 2024 through June 30, 2024 2025.
7
8 SECTION 13. SPECIAL LANGUAGE. NOT TO BE INCORPORATED INTO THE ARKANSAS
9 CODE NOR PUBLISHED SEPARATELY AS SPECIAL, LOCAL AND TEMPORARY LAW. SPECIAL
10 JUDICIAL RETIREMENT FUND TRANSFERS. A sum not to exceed $50,000 may be
11 transferred from the Judicial Retirement Fund to the Arkansas Public
12 Employees' Retirement System Fund to share in the costs incurred by the
13 Arkansas Public Employees Retirement System in the purchase and
14 implementation of a new pension administration system, which will be utilized
15 to administer Judicial pension transactions for members and retirees. Said
16 transfer shall sunset at the end of fiscal year 2024 2025. Such transfer
17 request shall be made to the Chief Fiscal Officer of the State, and upon his
18 approval, said transfer shall be made on his books and those of the Treasurer
19 of State and the Auditor of the State.
20 The provisions of this section shall be in effect only from July 1, 2023
21 2024 through June 30, 2024 2025.
22
23 SECTION 14. COMPLIANCE WITH OTHER LAWS. Disbursement of funds
24 authorized by this act shall be limited to the appropriation for such agency
25 and funds made available by law for the support of such appropriations; and
26 the restrictions of the State Procurement Law, the General Accounting and
27 Budgetary Procedures Law, the Revenue Stabilization Law, the Regular Salary
28 Procedures and Restrictions Act, or their successors, and other fiscal
29 control laws of this State, where applicable, and regulations promulgated by
30 the Department of Finance and Administration, as authorized by law