Arkansas Senate Bill SR5

Arkansas 2022 Regular Session

• Introduced: 2/10/22
• Failed: 3/15/22

Caption

To Authorize The Introduction Of A Nonappropriation Bill To Clarify The Definition Of "eligible Inactive Retiree" And To Modify The Eligibility Of Retirees To Participate In The Life And Health Insurance Program.

Impact

The proposed changes under SR5 impact Arkansas state laws regarding the coverage of retirees. By amending the eligibility criteria, the bill aims to provide better access to health benefits for those who have served in public office but may not yet have reached the retirement age. This shift represents a response to concerns about the adequacy of health benefits available to public school and state employees, acknowledging the unique circumstances faced by retirees who have not yet transitioned fully into retirement.

Summary

Senate Resolution 5 (SR5) introduces a bill aimed at clarifying the definition of 'eligible inactive retiree' and modifying the eligibility criteria for retirees to participate in the State and Public School Life and Health Insurance Program. The bill specifies that an 'eligible inactive retiree' refers to former members of the General Assembly or state-elected officers who have enough credited service to qualify for retirement benefits but have not yet reached the retirement age. To enroll in the insurance program, these individuals must have participated for at least five cumulative years prior to retirement.

Contention

While SR5 is primarily intended to ensure the longevity and efficiency of the State and Public School Life and Health Insurance Program, there are points of contention regarding the ramifications of these changes. Critics may argue that the bill could impose additional financial burdens on retirees who qualify and are subsequently required to pay the full premium costs for the plan options they select. Furthermore, there could be concerns about the timing and necessity of declaring an emergency related to these changes, suggesting that the program's need for reform might not be as urgent as stated.