The bill amends the Arkansas Teacher Retirement System's provisions regarding survivor annuity benefits for dependent children. Specifically, 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. Additionally, it clarifies eligibility criteria for children of retirees who die after returning to work or disability retirees, ensuring that these children can receive dependent child annuities if they meet the specified conditions.

Furthermore, 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 deemed essential for protecting member benefits and clarifying employer reporting and contribution requirements. The act is set to take effect on July 1, 2025, to coincide with the fiscal year of the Arkansas Teacher Retirement System.

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