| 14 | | - | ARKANSAS LOCAL POLICE AND FIRE RETIREMENT SYSTEM; TO 10 |
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| 15 | | - | AMEND THE DEFINITION OF "PAY" UNDER THE ARKANSAS 11 |
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| 16 | | - | LOCAL POLICE AND FIRE RETIREMENT SYSTEM; AND FOR 12 |
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| 17 | | - | OTHER PURPOSES. 13 |
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| 18 | | - | 14 |
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| 19 | | - | 15 |
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| 20 | | - | Subtitle 16 |
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| 21 | | - | TO AMEND THE LAW CONCERNING BENEFITS 17 |
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| 22 | | - | UNDER THE ARKANSAS LOCAL POLICE AND FIRE 18 |
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| 23 | | - | RETIREMENT SYSTEM; AND TO AMEND THE 19 |
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| 24 | | - | DEFINITION OF "PAY" UNDER THE ARKANSAS 20 |
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| 25 | | - | LOCAL POLICE AND FIRE RETIREMENT SYSTEM. 21 |
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| 26 | | - | 22 |
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| 27 | | - | BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF ARKANSAS: 23 |
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| 28 | | - | 24 |
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| 29 | | - | SECTION 1. Arkansas Code § 24 -10-102(26), concerning the definition of 25 |
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| 30 | | - | "pay" as applied to the Arkansas Local Police and Fire Retirement System, is 26 |
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| 31 | | - | amended to read as follows: 27 |
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| 32 | | - | (26)(A) “Pay” means the recurring remuneration paid an employee 28 |
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| 33 | | - | for personal services rendered by the employee in a position covered by the 29 |
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| 34 | | - | system and shall not exceed the amount the employee is required to report for 30 |
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| 35 | | - | federal income tax purposes. 31 |
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| 36 | | - | (B) In determining pay, consideration shall not be given 32 |
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| 37 | | - | to: 33 |
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| 38 | | - | (i) Special single-sum payments paid by an employer; 34 |
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| 39 | | - | (ii) Employer contributions to any employee benefit 35 |
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| 40 | | - | plan; or 36 As Engrossed: H3/17/25 H3/31/25 HB1341 |
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| 41 | | - | |
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| 42 | | - | 2 03-31-2025 13:17:13 LJH081 |
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| 43 | | - | |
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| 44 | | - | |
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| 45 | | - | (iii) Any other unusual or nonrecurring remuneration. 1 |
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| 46 | | - | (C)(i) An active member who is receiving temporary 2 |
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| 47 | | - | workers' compensation benefits for an injury or illness incurred in the 3 |
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| 48 | | - | course of his or her covered employment may remit the temporary workers' 4 |
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| 49 | | - | compensation benefits to his or her employer. 5 |
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| 50 | | - | (ii) If an active member remits temporary worker's 6 |
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| 51 | | - | compensation benefits to his or her employer under subdivision (26)(C)(i) of 7 |
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| 52 | | - | this section, the employer shall report the total pay to the system. 8 |
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| 53 | | - | (iii) If an active member remits temporary worker's 9 |
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| 54 | | - | compensation benefits to his or her employer under subdivision (26)(C)(i) of 10 |
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| 55 | | - | this section, the reported pay for any month shall not be greater than the 11 |
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| 56 | | - | pay that would have been earned by the active member if the active member had 12 |
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| 57 | | - | not been receiving temporary workers' compensation benefits. 13 |
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| 58 | | - | (C)(D) Annual compensation in excess of the limitations 14 |
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| 59 | | - | under the Internal Revenue Code of 1986, 26 U.S.C. §401(a), as it existed on 15 |
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| 60 | | - | January 1, 2011 2025, shall be disregarded; 16 |
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| 61 | | - | 17 |
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| 62 | | - | /s/Warren 18 |
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| 63 | | - | 19 |
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| 12 | + | ARKANSAS LOCAL POLICE AND FIRE RETIREMENT SYSTEM; AND 10 |
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| 13 | + | FOR OTHER PURPOSES. 11 |
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| 14 | + | 12 |
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| 15 | + | 13 |
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| 16 | + | Subtitle 14 |
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| 17 | + | TO AMEND THE LAW CONCERNING BENEFITS 15 |
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| 18 | + | UNDER THE ARKANSAS LOCAL POLICE AND FIRE 16 |
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| 19 | + | RETIREMENT SYSTEM. 17 |
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| 20 | + | 18 |
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| 21 | + | BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF ARKANSAS: 19 |
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