This bill amends existing laws regarding fraud against the government to specifically include fraud against state-supported retirement systems. It introduces new legal language that makes it unlawful for a person to knowingly make false statements or representations to a state-supported retirement system with the intent to obtain benefits, manipulate claims, or assist others in such fraudulent activities. The penalties for these offenses are elevated to a Class D felony, aligning with the penalties for similar fraud against the Social Security Administration.

Additionally, the bill establishes procedures for reporting violations, allowing the Executive Director of a state-supported retirement system to refer cases to the Attorney General or the Sixth Judicial District Prosecuting Attorney for investigation. It also includes provisions for the Arkansas Judicial Retirement System, ensuring that similar penalties apply for fraudulent activities within that system. An emergency clause is included, emphasizing the urgent need for these revisions to protect the integrity of state-supported retirement systems and safeguard the benefits of their members and beneficiaries.

Statutes affected:
Old version HB1317 Original - 1-30-2025 10:54 AM: 5-55-301, 24-4-102, 24-6-202
Old version HB1317 V2 - 2-5-2025 09:24 AM: 5-55-301, 02-05-2025, 24-4-102, 24-6-202
HB 1317: 5-55-301, 24-4-102, 24-6-202