Arkansas 2025 Regular Session

Arkansas House Bill HB1325 Latest Draft

Bill / Chaptered Version Filed 03/12/2025

                            Stricken language would be deleted from and underlined language would be added to present law. 
Act 286 of the Regular Session 
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State of Arkansas     1 
95th General Assembly A Bill     2 
Regular Session, 2025  	HOUSE BILL 1325 3 
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By: Representative C. Cooper 5 
By: Senator J. Dotson 6 
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For An Act To Be Entitled 8 
AN ACT TO AMEND THE PROVISIONS REGARDING CREDITED 9 
SERVICE UNDER THE ARKANSAS PUBLIC EMPLOYEES' 10 
RETIREMENT SYSTEM; TO ALLOW A MEMBER OF THE ARKANSAS 11 
PUBLIC EMPLOYEES' RETIREMENT SYSTEM TO RECEIVE 12 
SERVICE CREDIT FROM SERVICE UNDER AN ALTERNATE 13 
RETIREMENT PLAN TO MEET ELIGIBILITY REQUIREMENTS FOR 14 
A RETIREMENT BENEFIT UNDER CERTAIN CIRCUMSTANCES; AND 15 
FOR OTHER PURPOSES. 16 
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Subtitle 19 
TO ALLOW A MEMBER OF THE ARKANSAS PUBLIC 20 
EMPLOYEES' RETIREMENT SYSTEM TO RECEIVE 21 
SERVICE CREDIT FROM SERVICE UNDER AN 22 
ALTERNATE RETIREMENT PLAN TO MEET 23 
ELIGIBILITY REQUIREMENTS. 24 
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BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF ARKANSAS: 26 
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 SECTION 1.  Arkansas Code § 24-4-901, concerning reciprocal service 28 
recognized under the Arkansas Public Employees’ Retirement System, is amended 29 
to add a new subsection to read as follows: 30 
 (f)(1)  A member of the Arkansas Public Employees’ Retirement System 31 
previously covered under an alternate retirement plan as defined in § 24	-7-32 
202 may be credited for each year of employment covered under the alternate 33 
retirement plan to meet eligibility requirements for receiving a monthly 34 
retirement benefit under the system if the employee did not: 35 
 (A)  Vest in the alternate retirement plan; and 36    	HB1325 
 
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 (B)  Receive a payment or withdraw contributions from the 1 
alternate retirement plan for the period of covered employment. 2 
 (2)  The Arkansas Public Employees' Retirement System shall not 3 
credit service for retirement eligibility under this subsection until: 4 
 (A)  The member provides documentation to the Arkansas 5 
Public Employees' Retirement System from the covered employer and the 6 
alternate retirement plan that verifies the conditions in subdivision (f)(1) 7 
of this section; and 8 
 (B)  The Executive Director of the Arkansas Public 9 
Employees' Retirement System determines that there is sufficient 10 
documentation and that all other requirements are met to credit service from 11 
the alternate retirement plan. 12 
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APPROVED: 3/12/25 15 
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