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 qualify as a dependent child from eighteen (18) to twenty-two (22) years of age. The bill also clarifies eligibility criteria for dependent child annuities, ensuring that children of retirees who die after returning to work or those of disability retirees are included under the same provisions that apply to active members.

Additionally, the bill includes an emergency clause, stating that immediate revisions are necessary to address administrative complexities and align with sound public pension policy. The changes are set to take effect on July 1, 2025, to coincide with the fiscal year of the Arkansas Teacher Retirement System, ensuring a structured administration of the updated procedures.

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