This bill amends the laws regarding employees of municipalities participating in the Arkansas Public Employees' Retirement System (APERS). It modifies the requirement for employees to decide whether to opt out of APERS and instead participate in a local retirement plan. Specifically, the bill changes the timeframe for this decision from "within ninety (90) days of assuming office" to "during his or her first term and any subsequent term," allowing employees more flexibility in their retirement plan choices.

Additionally, the bill introduces temporary provisions that grant employees, including mayors and city clerks of first-class cities, an extra ninety (90) days from the effective date of the act to make their election regarding participation in the local retirement plan. This extension ensures that employees are not penalized for making their decision during the first ninety (90) days of their subsequent term, thereby maintaining their eligibility to opt for the local retirement plan as outlined in the existing statutes.

Statutes affected:
HB 1195: 24-4-303(a)