AR
Arkansas Senate Bill SB159

Arkansas 2023 Regular Session

Arkansas Senate Bill SB159

Introduced
1/26/23  

Caption

To Amend The Law Concerning Benefits Under Local Police And Fire Pension And Relief Funds.

Impact

If enacted, SB159 would alter the existing framework governing how local police and fire pension funds are managed and benefits are distributed. This could lead to improved financial conditions for current and retired personnel, thus enhancing the attractiveness of these professions. The bill advocates for a regulatory environment that supports the financial health of pension funds while ensuring that the obligations toward retirees are met. As such, it represents a step toward bolstering the role and support of local police and fire departments in the community.

Summary

Senate Bill 159 aims to amend existing laws regarding benefits under local police and fire pension and relief funds. This legislation is important for the financial welfare of law enforcement and emergency service personnel, ensuring that they receive adequate and fair benefits upon retirement or in times of need. By addressing the specifics of these pension and relief funds, the bill seeks to provide clarity and improve the manageability of these funds for local authorities.

Contention

Notable points of contention may arise regarding the funding mechanisms for these pension benefits. Some legislators may express concerns over how the amendments could affect local budgets or the sustainability of the pension funds. Additionally, there might be discussions about potential disparities in benefits between different jurisdictions or the adequacy of the proposed changes in addressing the needs of all local service personnel.

Companion Bills

No companion bills found.

Previously Filed As

AR SB80

To Amend The Revenue Stabilization Law; To Create Funds, To Repeal Funds, And To Make Transfers To And From Funds And Fund Accounts; And To Declare An Emergency.

AR HB1097

To Amend The Revenue Stabilization Law; To Create Funds, To Repeal Funds, And To Make Transfers To And From Funds And Fund Accounts; And To Declare An Emergency.

AR SR2

To Authorize The Introduction Of A Nonappropriation Bill Amending The Revenue Stabilization Law, Creating Funds, Repealing Funds, And Making Transfers To And From Funds And Fund Accounts.

AR HR1011

To Authorize The Introduction Of A Nonappropriation Bill Amending The Revenue Stabilization Law, Creating Funds, Repealing Funds, And Making Transfers To And From Funds And Fund Accounts.

AR SR1

To Authorize The Introduction Of A Nonappropriation Bill To Amend The Revenue Stabilization Law, To Create Funds, To Repeal Funds, And To Make Transfers To And From Funds And Fund Accounts.

AR HR1010

To Authorize The Introduction Of A Nonappropriation Bill To Amend The Revenue Stabilization Law, To Create Funds, To Repeal Funds, And To Make Transfers To And From Funds And Fund Accounts.

AR HB1065

An Act For The Department Of Finance And Administration - Disbursing Officer Appropriation For The 2024-2025 Fiscal Year.

AR SB78

To Amend The Arkansas Data Centers Act Of 2023; To Prohibit Foreign-party-controlled Ownership Of A Digital Asset Mining Business; And To Declare An Emergency.

AR HB1031

An Act For The Office Of The Treasurer Of State - Assistance To Local Law Enforcement And Emergency Medical Appropriation For The 2024-2025 Fiscal Year.

AR SB79

To Amend The Arkansas Data Centers Act Of 2023; To Provide For The Regulation Of Digital Asset Mining Businesses; And To Declare An Emergency.

Similar Bills

No similar bills found.