Stricken language would be deleted from and underlined language would be added to present law. Act 286 of the Regular Session *LJH045* 01/30/2025 10:09:40 AM LJH045 State of Arkansas 1 95th General Assembly A Bill 2 Regular Session, 2025 HOUSE BILL 1325 3 4 By: Representative C. Cooper 5 By: Senator J. Dotson 6 7 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 17 18 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 25 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF ARKANSAS: 26 27 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 2 01/30/2025 10:09:40 AM LJH045 (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 13 14 APPROVED: 3/12/25 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36