This bill amends the Arkansas Teacher Retirement System's provisions regarding survivor annuity benefits for dependent children. It raises the age limit for a deceased active member's child to be considered a dependent child eligible for annuity benefits from eighteen (18) to twenty-two (22) years of age. Additionally, it clarifies that a dependent child annuity is payable to the surviving child of a retiree who dies after returning to work or a disability retiree, provided the child meets eligibility criteria and has not been designated as an option beneficiary.

The bill also includes an emergency clause, stating that immediate revisions are necessary to address administrative complexities and ensure the Arkansas Teacher Retirement System meets the needs of its members. The act is set to take effect on July 1, 2025, aligning with the fiscal year of the retirement system to facilitate proper administration of the updated provisions.

Statutes affected:
HB 1157: 24-7-710(c), 24-7-710(g)
Act 225: 24-7-710(c), 24-7-710(g)