This bill amends the Arkansas Public Employees' Retirement System (APERS) to allow public transit authorities to become participating public employers, enabling their employees to join the retirement system. Specifically, it modifies the definitions of "nonstate employees" and "participating public employer" to include employees of public transit authorities. The bill also introduces a new definition for "public transit authority," describing it as a public governmental entity formed under the Public Transit System Act that opts to participate in APERS through a majority vote of its board of directors.

The amendments to Arkansas Code 24-4-101 include the insertion of language that explicitly recognizes public transit authorities as eligible employers within the retirement system framework. This change aims to enhance the benefits available to employees of public transit authorities, aligning them with other public sector employees in terms of retirement benefits.

Statutes affected:
Old version HB1268 V2 - 3-19-2025 02:26 PM: 24-4-101(28), 24-4-101(30), 24-4-101
Old version HB1268 Original - 1-27-2025 03:49 PM: 24-4-101(28), 24-4-101(30), 24-4-101
HB 1268: 24-4-101(28), 24-4-101(30), 24-4-101
Act 450: 24-4-101(28), 24-4-101(30), 24-4-101